Piramal

Piramal Group, which holds stakes in Shriram’s insurance businesses, is neither actively looking to exit nor in a rush to do so and will take a call as things unfold, says Subhasri Sriram

Piramal-Bain sponsored fund set to acquire ICICI Ventures-backed specialty chemicals maker for $125 million

Anthea manufactures chemical intermediaries used in flavours and fragrances and has an in-house R&D centre in Navi Mumbai

Piramal Alternatives invests Rs 110 crore in Biodeal Pharmaceuticals

The strategic investment will fuel Biodeal's development of innovative solutions, enhance its production capabilities with advanced technology, and expand operations, positioning it as a leading nasal spray manufacturer

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

Reliance Capital now a three horse race as Cosmea-Piramal combine decides to drop out

The combine, whose highest binding bid of Rs 5,330 crore lenders had earlier rejected in favour of an electronic auction for better offers, cited “unreasonable” new base price of Rs 6,500 crore as the reason for pulling out

Piramal, Zurich Insurance mull joint bid for Reliance General Insurance

Both Piramal and Zurich, which had submitted separate non-binding bids for the general insurance business of Reliance Capital in August, may hold 50 per cent each in the proposed special purpose vehicle (SPV)

Reliance Capital bidders seek extension of deadline to submit resolution plan

A few bidders, including Piramal, Torrent, Oaktree and IndusInd Bank, have written to the administrator seeking an extension of the deadline from the existing August 10 to September 15.

Piramal ramps up staff strength of PCHFL; plans to add 2000 jobs

PCHFL acquired DHFL in September 2021 for a total consideration of Rs. 34,250 crore. PCHFL has retained over 3,000 employees of the DHFL Group and are also adding over 2,000 new jobs in the merged entity.

DHFL case: 63 Moons' petition against Piramal to be considered by CoC, orders NCLAT

The plea filed by 63 Moons against Piramal challenged the decision to ascribe Re 1 value to Rs 40,000 crore-worth of recoverable assets in the DHFL case.

Piramal gets DHFL, lenders their money: An ‘IBC first’ and end of the road for the Wadhawans

With this, creditors of DHFL have finally got the good news they were waiting for a long time. They would recover an aggregate amount of around Rs 38,000 crore after the resolution process.

Shriram Group flirts with restructuring again to give investors exit options

This is not the first time that the financial services group, a household name in Tamil Nadu, is considering mergers as a way of creating value for investors in the holding company.

CDPQ, Piramal's private credit platform to invest in Coca Cola India bottler: Report

Piramal Asset Management and CDPQ announced a $300 million private credit platform in February 2020.

Piramal Capital and Housing Finance raises Rs 4,050 crore through NCDs

Leading rating agency, CARE Ratings has assigned an ‘AA’ rating for both the issuances, Piramal Capital & Housing Finance Limited said.

RBI gives go-ahead to Piramal Group for DHFL takeover

Lenders will now take it to NCLT by next week for its approval

Five reasons why Indian billionaires are hurrying to buy NBFCs amid a pandemic

Till 2018, NBFC space was a booming business. The perception changed post the IL&FS collapse.

Legal battles remain a risk after creditors award DHFL to Piramal

Depositors and retail bondholders are two other classes unlikely to be happy

DHFL bidding war nears climax; Piramal makes a strong pitch for the mortgage firm

In a statement on Monday, Piramal listed ten things to argue that its bid has a clear upper hand over Oaktree

Piramal Group launches blistering attack against Oaktree bid for DHFL

Piramal Group contests Oaktree's bid for DHFL, strongly objects to at least five claims made by the US asset management company in its bid for DHFL.

Navin Fluorine: Can it continue to outperform with an eye on the next leg of growth?

Navin Fluorine’s recent capex announcements add to conviction that it's increasingly evaluating other complex applications of fluorine chemistry and looks well focused to diversify into higher margin products

DHFL race: Piramal holds edge over Oaktree due to higher upfront cash, insurance tangle for foreign firms

Piramal Enterprises offers at least Rs 1,000 crore higher upfront payment than US asset manager Oaktree for DHFL in fourth round of auction. India’s FDI laws complicate Oaktree bid as DHFL has an insurance business.

Navin Fluorine: CRAMS to aid near term growth guidance, stock fairly valued

Navin Fluorine's legacy businesses -refrigerants and inorganic fluoride businesses - are expected to remain lacklustre in the near term

Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue

The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.

CDPQ, Piramal form $300 mn platform for private credit financing in India

"CDPQ is contributing 75 percent of the investment and Piramal will commit the remaining 25 percent," CPDQ and Piramal said in a joint statement.

Adani Group strong contender for DHFL; Piramal, Apollo also said to be in fray; stock up 5%

SBI Chairman Rajnish Kumar told CNBC-TV18 that many suitors are expected for DHFL because 'it's a good franchise'