Prime Securities Limited — Others, 24-07-2025: Copy of Newspaper Publication

Piramal Enterprises and Piramal Finance are pursuing a joint scheme of arrangement for merger. This move is driven by regulatory changes, as Piramal Finance has been reclassified as a Non-Banking Financial Company, requiring it to be listed within three years. The merger aims to consolidate the debt distribution business under a single listed entity. For shareholders, this means direct ownership in a combined, unified platform that integrates the full value and operations of the lending business, simplifying the corporate structure and aligning with new regulatory mandates.