Piramal Enterprises Limited — Updates, 28-05-2025: Scheme of Arrangement

Piramal Enterprises has announced a board meeting for approvals on its merger with wholly owned subsidiary Piramal Finance, consolidating two NBFC-ICCs. The merger will streamline operations, simplify compliance, and enhance scale and customer service. After the merger, Piramal Finance will be listed, meeting RBI’s upper-layer NBFC mandate. Shareholders will receive one share of Piramal Finance for each Piramal Enterprises share held. The merged entity is expected to have a net worth of INR 23,195.44 Cr, boosting capital strength and operational efficiency.