Piramal Enterprises to merge with unlisted subsidiary and renamed

Piramal Enterprises (PEL ) has approved it’s merger with wholly owned subsidiary Piramal Capital & Housing Finance (PCHFL). Post merger the the resultant entity will be renamed as Piramal Finance (PFL). Current businesses of PEL and PCHFL PEL is a non-deposit taking Non-Banking Finance Company – Investment and Credit Company (NBFC- ICC), engaged in the … Read more

Piramal shares business plans

In an interview with ET, Piramal Enterprises (PEL) Chairman, Ajay Piramal projected the following. To double loan book by FY28 to about 1.2-1.3 lakh crore i.e., a CAGR of about 15% The growth will come significantly in retail through secured as well as unsecured lending. Like many other NBFCs, PEL is also banking on technology … Read more