The Exchange has sought clarification from Piramal Finance Limited with respect to recent news item captioned Piramal Finance and IIFL in exploratory talks for an MFI deal: Sources. The response from the Company is attached.
PIRAMALFIN · price
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BSE and NSE asked Piramal Finance to respond to a Moneycontrol news article claiming that Piramal Finance and IIFL were in exploratory talks for a microfinance (MFI) deal. In its reply on 4th March 2026, the company stated that the news item is 'factually incorrect.' The company also said it does not comment on market speculation and will make disclosures only when there is a material development under SEBI Listing Regulations. It added that the recent share price movement is purely market-driven and the management has no control or knowledge of the same. The letter was signed by Company Secretary Bipin Singh.
The company's outright denial of the MFI deal talks with IIFL may temper any positive speculation that had built up around a potential transaction, though the stock's recent move has been attributed to broader market activity. Investors should await any formal disclosure if a real deal materialises; until then, treat the rumour as officially rejected.