Piramal Enterprises Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2439, up 5.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 15876.45. The Sensex is at 52922.65, up 0.64%. Piramal Enterprises Ltd has risen around 1.26% in last one month.

Meanwhile, Nifty Financial Services index of which Piramal Enterprises Ltd is a constituent, has risen around 0.34% in last one month and is currently quoting at 16468.65, up 0.52% on the day. The volume in the stock stood at 12.58 lakh shares today, compared to the daily average of 7.53 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 2449.15, up 5.45% on the day. Piramal Enterprises Ltd is up 66.97% in last one year as compared to a 45.77% spurt in NIFTY and a 58.16% spurt in the Nifty Financial Services index.

The PE of the stock is 440.65 based on TTM earnings ending March 21.

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Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 6 August 2021.

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Piramal Enterprises announced the resignation of Deepak Satwalekar as an Independent Director from the Board of the Company from 26 July 2021.

Satwalekar, in his resignation letter, has indicated that the only reason for his resignation is to avoid potential conflict of interest arising from the entity resulting post the integration of Dewan Housing Finance Corporation with Piramal Capital & Housing Finance, a wholly owned subsidiary of the Company, being in the same sector as the affordable housing finance company of which he is the existing Chairman.

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Piramal Enterprises announced that the Committee of Board of Directors at its meeting held on 12 July 2021 has approved the allotment of 1,020 Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures ('Debentures') each having a face value of Rs.10,00,000/-, aggregating to Rs. 102 crore on private placement basis.These Debentures are proposed to be listed on Debt Market segment of NSE.

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