Piramal Finance Limited — JV/Acquisition, 27-03-2026: Amalgamation/Merger

Piramal Finance Limited is amalgamating with its wholly-owned subsidiaries: Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, and DHFL Investments Limited.

The objective is to simplify the group structure, optimize capital allocation, strengthen the balance sheet, and boost operational and financial efficiency.

Since these are wholly-owned subsidiaries, no new shares will be issued, meaning no shareholder dilution is expected for Piramal Finance Limited. The shares held by Piramal Finance Limited in the subsidiaries will be cancelled without any consideration.