Merger of Piramal Enterprises Limited with Piramal Finance Limited
Awaiting price reaction for this filing.
Piramal Enterprises Ltd (PEL) has reiterated details of its merger with Piramal Finance Limited (PFL), formerly Piramal Capital & Housing Finance Limited. The company has fixed 23rd September 2025 as the record date for allotting equity shares of PFL to eligible PEL shareholders in a 1:1 ratio. From the record date, PEL securities will stop trading on the stock exchanges. After allotment and transfer of debt securities, PFL will apply to list these securities on the exchanges. Existing PFL debt securities will continue to trade as usual.
PEL shareholders will automatically become shareholders of PFL on a 1:1 basis, and PEL stock will cease trading post 23rd September 2025. Investors should note the transition of their holdings from PEL to PFL and the temporary pause in trading until PFL shares receive listing approval.