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The Board of Directors of several wholly-owned subsidiaries of Piramal Enterprises Limited has approved a scheme of amalgamation involving Piramal Investment Advisory Services Private Limited as the transferee company and multiple transferor companies. The restructuring aims to streamline the group structure, reducing the number of legal entities and consolidating operations to achieve cost rationalization, better administration, and savings. All transferor entities are wholly-owned subsidiaries of Piramal Enterprises, and upon completion of the scheme, the transferee will remain a wholly-owned subsidiary. This move reflects a focus on operational efficiency and could enhance the company's overall performance. Investors should monitor this development for its potential positive impact on the company's cost structure and management efficiency.