Piramal Enterprises Limited — Updates, 26-10-2024: Scheme of Arrangement

Piramal Enterprises Limited has modified its composite scheme of arrangement with Piramal Capital & Housing Finance Limited (PCHFL). The updated scheme removes clauses related to the issuance of non-convertible redeemable preference shares to PEL's shareholders, now solely providing for equity shares. This adjustment follows guidance from the Reserve Bank of India and aims to streamline the amalgamation process. The modified scheme will be submitted to the stock exchanges and available on the company’s website.