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  • Private equity firm Carlyle to buy a fifth of Piramal Ent's pharma business for nearly $490 million Jun 27, 2020 10:07 AM IST

    Private equity firm Carlyle to buy a fifth of Piramal Ent's pharma business for nearly $490 million

    The transaction values the Piramal Pharma at an enterprise value (EV) of $2.77 billion with an upside component of up to $360 million depending on the company’s FY21 performance.

  • Exclusive | KKR leads race to buy stake in Piramal's pharma business Apr 29, 2020 02:42 PM IST

    Exclusive | KKR leads race to buy stake in Piramal's pharma business

    The stake-sale process is aimed at raising growth capital and strengthening the Piramal group’s balance sheet.

  • Piramal Enterprises Q3 profit surges 20% to Rs 724cr Feb 04, 2020 01:57 PM IST

    Piramal Enterprises Q3 profit surges 20% to Rs 724cr

    Revenue from operations also rose to Rs 3,805.67 crore for the quarter under review as against Rs 3,489.30 crore in the year-ago period.

  • Ajay Piramal says will use proceeds of DRG sale to grow financial services biz Jan 17, 2020 04:36 PM IST

    Ajay Piramal says will use proceeds of DRG sale to grow financial services biz

    "In the NBFC (Non-banking Finance Company) space, many of the NBFCs have actually stopped lending or reduced their lending and therefore this gives us an opportunity to grow organically " said Ajay Piramal.

  • Piramal partners with Gates Foundation to improve health in India's tribal districts Nov 19, 2019 07:41 PM IST

    Piramal partners with Gates Foundation to improve health in India's tribal districts

    The new collaborative will focus on improving health and nutrition in high-burden and tribal districts, in support of the Government of India's work to achieve Sustainable Development Goal (SDG) 3 by 2030.

  • Anand Piramal invests undisclosed amount in Snapdeal Jul 23, 2019 04:49 PM IST

    Anand Piramal invests undisclosed amount in Snapdeal

    This is the first investment in Snapdeal two years after it rejected its rival Flipkart's offer for an acquisition, and decided to go solo.

  • Budget 2019 is 'growth-positive', says Ajay Piramal Jul 05, 2019 07:24 PM IST

    Budget 2019 is 'growth-positive', says Ajay Piramal

    We welcome the regulations and norms that have been proposed by the FM on the NBFC sector that would raise transparency and reinstate trust in this vital sector

  • Piramal says only eyeing home loan portfolio of DHFL, not its shares Apr 26, 2019 09:38 PM IST

    Piramal says only eyeing home loan portfolio of DHFL, not its shares

    Piramal has been trying to cut exposure to wholesale real estate lending exposure. The company had reduced lending to real estate from 83 percent in March 2015 to 63 percent in March 2019, and plans to further bring it down to 50 percent by the end of this year.

  • Ajay Piramal may sell stakes in Shriram group of companies: Report Apr 23, 2019 10:50 AM IST

    Ajay Piramal may sell stakes in Shriram group of companies: Report

    Ajay Piramal has a 10 percent stake each in public-listed units Shriram Transport Finance and Shriram City Union Finance, and owns 20 percent of Shriram Capital.

  • Confident Subhash Chandra will meet his debt obligations: Ajay Piramal Jan 28, 2019 06:09 PM IST

    Confident Subhash Chandra will meet his debt obligations: Ajay Piramal

    Piramal Group has an exposure of Rs 225 crore to Essel, which is covered by collateral.

  • Piramal Enterprises may consider sale of analytics unit if growth doesn't pick up Jul 31, 2018 12:45 PM IST

    Piramal Enterprises may consider sale of analytics unit if growth doesn't pick up

    Will unlock value if topline and profitability of Decision Resources Group (DRG) doesn't go up significantly, says Ajay Piramal

  • Piramal considering re-entry into domestic drug market May 29, 2018 09:28 AM IST

    Piramal considering re-entry into domestic drug market

    The development comes eight years after the Ajay Piramal-led conglomerate sold its portfolio to US-based Abbott Laboratories for $3.72 billion.

  • Big Deal: M&A action in financial services Oct 06, 2017 03:48 PM IST

    Big Deal: M&A action in financial services

    The financial services space is bursting with transactions but there are many hiccups as well. CNBC-TV18’s Nisha Poddar spoke with Ajay Piramal, Chairman of Piramal Group & Shriram Group about what is brewing at IDFC-Shriram merger. Nisha Poddar also spoke with Abizer Diwanji, Partner, EY India on overall financial space and the mergers and acquisition (M&A) action there.

  • Shareholders' interests to drive decisions in IDFC-Shriram merger, says Ajay Piramal Sep 27, 2017 07:16 PM IST

    Shareholders' interests to drive decisions in IDFC-Shriram merger, says Ajay Piramal

    One of the biggest financial merger deals in the country, IDFC with Shriram Group, has hit a hurdle after it faced opposition from some of its shareholders.

  • Piramal Finance announces launch of Piramal Housing Finance Sep 27, 2017 12:38 PM IST

    Piramal Finance announces launch of Piramal Housing Finance

    Watch accompanying video of Ajay Piramal, Chairman of Piramal Enterprises addressing a press conference for a strategic announcement.

  • Infosys to Piramal: How cos spin cash pile for rich returns Mar 04, 2017 12:45 PM IST

    Infosys to Piramal: How cos spin cash pile for rich returns

    Some companies are facing a developed world problem—cash far in excess of their needs. How should investors interpret this?

  • Piramal to tie-up with CDPQ; will create $250-500mn realty fund Feb 23, 2017 09:09 AM IST

    Piramal to tie-up with CDPQ; will create $250-500mn realty fund

    Ajay Piramal group‘s financial services arm Piramal Finance is likely to announce a tie-up with Canada based CDPQ's realty arm for an investment platform.

  • Piramal Enterprises to demerge healthcare, financial services Jan 31, 2017 09:18 AM IST

    Piramal Enterprises to demerge healthcare, financial services

    In the medium term we will do that. All our acquisitions, and in some ways moving up in value chains and getting more critical mass are steps towards that," Piramal Enterprises Chairman Ajay Piramal told reporters here.

  • Piramal buys US co's drug portfolio for USD 171 million Jan 30, 2017 04:30 PM IST

    Piramal buys US co's drug portfolio for USD 171 million

    Piramal will also pay an additional USD 32 million – depending on financial performance of the acquired assets over the next 3 years.

  • Piramal Enterprises to enter housing finance segment Jan 06, 2017 03:40 PM IST

    Piramal Enterprises to enter housing finance segment

    The board of directors has given approval for Piramal Finance Ltd, a 100 percent subsidiary of Piramal Enterprises, to make an application to the National Housing Bank (NHB) for incorporating a housing finance company, the company said in a statement here today.

  • Hints of a rift in Tata-Mistry partnership were apparent in Aug Nov 08, 2016 09:11 AM IST

    Hints of a rift in Tata-Mistry partnership were apparent in Aug

    The cracks in the Tata Sons management has begun in August itself during its annual general meeting when Rata Tata had advised the then chairman Cyrus Mistry to appoint three new independent directors to the group‘s board, a report in the Business Standard says.

  • Mukesh Ambani's wealth at $22.7 bn equals Estonia's GDP: Forbes Oct 20, 2016 04:10 PM IST

    Mukesh Ambani's wealth at $22.7 bn equals Estonia's GDP: Forbes

    Similarly, Wipro's Azim Premji, the 4th richest Indian on the Forbes list, has a networth of USD 15 billion -- more than Mozambique's GDP of USD 14.7 billion.

  • Lodha Group gets Rs 2,320 crore from Piramal Fund Management Sep 01, 2016 09:38 PM IST

    Lodha Group gets Rs 2,320 crore from Piramal Fund Management

    The two Mumbai-based companies have entered into an agreement which will see the Ajay Piramal-headed company investing in the real estate developers' projects around Mumbai.

  • Piramal Enterprises Q1 net up 36% at Rs 231 cr Aug 01, 2016 06:10 PM IST

    Piramal Enterprises Q1 net up 36% at Rs 231 cr

    Piramal Enterprises today reported 36.29 percent rise in consolidated net profit to Rs 230.93 crore for the June quarter, mainly on account of robust sales.

  • It's wrong to paint all promoters with the same brush: Piramal Jun 27, 2016 11:42 AM IST

    It's wrong to paint all promoters with the same brush: Piramal

    Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.

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