Piramal Finance: 1:1 share allotment to PEL shareholders under NCLT scheme

Listed Co AcquisitionDemerger Ratio AnnouncedNclt Scheme FiledCore Business DivestedStrategic Transactions View source PDF Explain this filing

PIRAMALFIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹1450.80

prior close

₹1450.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%-2.2% vs market

Non Banking Financial Company (NBFC) peers, median of 205sector+0.3%-1.8% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 1.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.4

10m

-2.2

15m

-3.5

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.7-2.2+0.3-1.8

Next day

-2.3+0.3-2.6+0.5-2.8

+2.7+0.5+2.2+0.6+2.1

+7.9+1.2+6.7+0.6+7.3

+13.2+0.2+13.1+0.0+13.2

+10.9-0.3+11.2-0.3+11.2

+15.8-1.6+17.4-1.0+16.8

15d

+3.4-2.2+5.5-2.3+5.7

+4.8-3.5+8.3-3.8+8.6

+26.8-5.3+32.0-5.8+32.6

+22.7-4.4+27.1-9.4+32.2

UpDownMarket · Nifty Smallcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 205Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Piramal Finance (formerly Piramal Capital and Housing Finance) allotted shares to existing shareholders of Piramal Enterprises Limited (PEL) at a 1:1 ratio on 25 September 2025, under an NCLT-approved Scheme of Arrangement. Trading in Piramal Finance shares commenced on 7 November 2025. Piramal group entities collectively hold 46.16 percent post-allotment. The acquirers are exempt from making an open offer under SEBI regulation 10(1)(d)(ii).

Likely market impact

Confirms PEL financial services demerger into Piramal Finance is complete. Promoter group holds 46.16 percent; no open offer triggered for minority shareholders.