Piramal Enterprises Ltd Share Price – NSE  / BSE

Finance, Small Cap

Life Healthcare Group Holdings has entered into binding agreements for the sale of Life Molecular Imaging, a member of the Imaging Group, subject to receipt of shareholders and various regulatory and other approvals. Life Healthcare is part of the group that acquired Piramal Imaging SA from Piramal Enterprises in 2018.

The company stated that it will become eligible to receive an estimated amount of $140 million, expected to be received in FY26. It may also receive further amounts in subsequent years from any eligible profits and future earnouts relating to the Imaging Group, subject to a maximum of $200 million (inclusive of the above $140 million).

Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs.

The NBFC reported a 238.2% surge in consolidated net profit to Rs 162.97 crore on a 9.2% rise in total income to Rs 2,486.18 crore in Q2 FY25 over Q2 FY24.

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PCHFL will utilise the investment towards business/ general corporate purposes. There is no change in the shareholding percentage of the company in PCHFL following the investment, it added.

Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs.

The NBFC reported a 238.2% surge in consolidated net profit to Rs 162.97 crore on a 9.2% rise in total income to Rs 2,486.18 crore in Q2 FY25 over Q2 FY24.

Shares of Piramal Enterprises declined 1.54% to Rs 1086.90 on the BSE.

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The debentures will have a face value of Rs 1,000 each.

Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs.

The NBFC reported a 238.2% surge in consolidated net profit to Rs 162.97 crore on a 9.2% rise in total income to Rs 2,486.18 crore in Q2 FY25 over Q2 FY24.

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Securities in F&O Ban:

RBL Bank, Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, SAIL

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Piramal Enterprises’ board approved the public issuance of secured non convertible debentures (NCDs) of face value of Rs 1000 each, amounting upto Rs 2000 crore in one or more tranches.

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