Offer includes deferred payment, cash with HFC
Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have resigned, the company informed BSE
Piramal Enterprises said it has appointed Snapdeal CEO Kunal Bahl and Economic Law Practice Managing Partner Suhail Nathani as independent directors to its board.
A decade after Piramal sold its domestic formulations business to Abbott Laboratories for $3.72 billion, the group is now looking at re-entering the space in India
The company's Director Chetan Bohra said that the capital raised would be utilised for advacing the construction and ensuring the completion of the residential project within this financial year
Piramal Enterprises, in a regulatory filing, in June had said Carlyle Group Inc would buy 20 per cent stake in Piramal Pharma for around $490 million (over Rs 3,700 crore).
Glenmark's stock has reclaimed its short term 21-DMA
Consolidated revenue from operations stood at Rs 2,937.34 crore during the quarter under review as against Rs 3,186.82 crore in the same period a year ago
Last year, India Inc sealed deals worth $88.88 billion in the January-July period, but this year the total transactions are $56.73 billion, fueled mainly by RIL-Jio deals
India's real estate market is grappling with a lingering lockdown that's slowed construction and sharply crimped new sales in an already struggling market.
Carlyle will pick up a 20 per cent stake for $490 million or around Rs 3,700 crore in the pharma subsidiary called Piramal Pharma Ltd
The level of 9,200 might act as a base for Nifty's weekly expiry
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The company made provisions in the financial services business to the tune of Rs 2,963 crore in Q4FY20, up more than 200 per cent
Talks are still in advanced stage with KKR, say bankers
Piramal Enterprises's (PEL's) Rs 3,000 crore fundraising is through debentures.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The deal, once completed, may value the Piramal Group's overall pharma business at $2.5 billion, the report added.
Net profit after tax up 20% to Rs 724 cr, revenues rise 9% to Rs 3,806 cr, Gross NPAs up by 1.8%
Based on preliminary information, the total applications from ASBA and non-ASBA have exceeded the issue amount to eligible equity shareholders, and therefore, oversubscribed, the firm said