Page 5 - Piramal Enterprises

Piramal Enterprises' Rs 3,650-cr rights issue subscribed 8% ahead of close

Issue closes Tuesday; promoters confident of amassing full subscription

Piramal sells healthcare analytics subsidiary DRG to Clarivate for $950 mn

The company said it was a strategic investment for PEL and it decided to sell as it saw good value for its shareholders. The sale value is roughly five times the annual sales of DRG

Top headlines: Piramal sells DRG biz, Amazon's 1 mn jobs India plan, & more

Amazon, the world's biggest online retailer, said that it plans to create one million new jobs in India by 2025 through investments in technology, infrastructure, and its logistics network

Piramal Enterprises sells DRG business to Clarivate Analytics for $950 mn

This divestment is expected to be completed by end of February 2020, Piramal Enterprises (PEL)said in a statement

Piramal Enterprises surges 7%, hits 52-week high on divestment of DRG biz

The company signed a definitive agreement for the sale of DRG to Clarivate Analytics plc, a global leader in providing trusted insights and analytics, for a sale consideration of $950 million.

Piramal Enterprises to raise Rs 2,750 cr via private placement of bonds

Piramal Enterprises said the money can be raised in one or more tranches from time to time.

Piramal Enterprises to raise Rs 2,750 cr via bonds in multiple tranches

Piramal Enterprises said the money can be raised in one or more tranches from time to time.

Jairam Sridharan joins Piramal Enterprises; to lead consumer finance biz

Sridharan joined Axis Bank in June 2010 and was elevated to CFO in October 2015

CCI approves subscription of Piramal debentures by Canadian investor

The preferential allotment will take place by November this year and the rights issue is expected to be completed by February 2020

IL&FS was a Lehman-like moment

Now that the consequences of the collapse of IL&FS are before us, the question worth asking is: Was the decision to let IL&FS fail a policy blunder as the Lehman decision was?

Piramal gets waiver on debt contract after offering to pay Rs 15 bn early

It's a very 'routine treasury transaction,' Piramal Enterprises said in an email response

Thyagarajan to fill in when Ajay Piramal quits as Shriram Capital chairman

Thyagarajan has requested Piramal to continue as chairman even after exiting the Group, said the sources

Piramal Ent seeks shareholders' nod to raise Rs 1,750 crore via CCDs

As part of the agreement, Piramal Enterprises will issue and allot 1,15,894 CCDs at a face value of Rs 1.51 lakh.

Without liquidity to NBFCs, economy gloom will continue: Ajay Piramal

After the IL&FS episode , funding dried up and there was no disbursal to MSMEs, housing and auto, says Ajay Piramal

Canadian pension fund's stake in Piramal Enterprises may rise up to 9%

The fundraising announcement was a result of a liquidity challenge faced by non-banking financial companies

Piramal Enterprises raises Rs 5,400 cr via rights, preferential allotment

Promoters to participate in rights issue of equity shares of Rs 3,650 cr; preferential allotment of Rs 1,750 cr CCDs to Canadian investor CDPQ

Piramal Enterprises slumps 17% post announcement of capital-raising plan

According to the proposal, the Rights Issue will be completed by February 2020, while the CCD will be issued in November 2019

Piramal Enterprises profit before tax rises 29% to Rs 733 crore in Q2

The revenue of the company saw an increase of by 15% to Rs 3,604 crore for Q2FY20

Piramal knocks Sebi's door to counter rumours about financial services biz

Rumour mongering on blogs and social media platforms is being done to create panic among various stakeholders, PEL said in a filing with the exchanges

Piramal Enterprises files complaint with Sebi against 'misleading rumours'

'Certain market participants are spreading false/misleading rumours against the company's financial services business in an attempt to create panic among various stakeholders'