Piramal Enterprises Ltd (PEL)

Piramal Enterprises' Subsidiary Approves Issuance of Senior Secured Sustainability Notes - 23 Jul, 2024

Piramal Capital & Housing Finance, a subsidiary of Piramal Enterprises, has approved the issuance of USD 300 million Senior Secured Sustainability Notes due 2028 under the Euro Medium Term Note Programme. The notes will be issued at a fixed rate of 7.80% and are part of a larger USD 1 billion Secured Euro Medium Term Note Programme.

Piramal Capital to Raise up to $400 Million in First Overseas Bond Issue - 13 Jul, 2024

Piramal Capital is set to raise up to $400 million in its first overseas bond issue, with proceeds supporting the company's retail business. Deutsche Bank, Barclays, Standard Chartered, Citigroup, and Emirates NBD are leading the initiative.

Piramal Enterprises Targets Total AUM of Rs 1.5 Lakh Crore by FY28 - 08 Jul, 2024

Piramal Enterprises is focusing on expanding its retail lending business and has set a target of achieving total AUM of Rs 1.5 lakh crore by FY28, driven by metro-adjacent and Tier II and III locations.

Piramal Enterprises Board Approves Issuance of NCDs and Subsidiary Gets Approval for Euro Medium Term Note Programme - 03 Jul, 2024

Piramal Enterprises' subsidiary, Piramal Capital & Housing Finance, has received approval from India INX to establish a Euro Medium Term Note Programme. Additionally, the company's board has approved the issuance of NCDs worth Rs 180 crore. The NBFC reported consolidated net profit of Rs 137.09 crore in Q4 FY24. The stock ended 1.91% lower at Rs 905.75 on July 2, 2024.

Piramal Enterprises' Subsidiary Partners with Axis Bank for Co-Lending Business - 01 Jul, 2024

Piramal Finance, a subsidiary of Piramal Enterprises, has partnered with Axis Bank to offer loans to moderate and low-income customers in rural and semi-urban areas through a co-lending business. The collaboration aims to cater to underserved clients and result in a multi-product loan book.

Piramal's Strategic Bets Fail to Deliver Positive Results - 28 Jun, 2024

Piramal Enterprises has seen negative returns over the past six years due to underperformance of its acquisitions. However, its structured investment group is set to invest ₹150 crore in Smaaash Entertainment and American buyout funds are interested in investing in its proposed pharmaceutical entity.

Piramal Enterprises' Entities Exit Archean Chemical Industries - 27 Jun, 2024

Piramal Natural Resources, along with two other entities, have sold their entire 10% stake in Archean Chemical Industries for Rs 822 crore through open market transactions. India Resurgence Fund also sold shares of the speciality marine chemical manufacturer on the BSE.

Anutham Realty Buys 4.57% Stake in Piramal Enterprises - 25 Jun, 2024

Anutham Realty has purchased a 4.57% stake or around 102.99 lakh shares in Piramal Enterprises at Rs 875 per share, while Srikrishna Trust sold the same amount of shares at the same price. The trust previously held a 35.11% stake in the company.

Anutham Realty Buys 4.6% Stake in Piramal Enterprises - 24 Jun, 2024

Anutham Realty has purchased a 4.6% stake in Piramal Enterprises for an average price of Rs 869.45 per share, while The Srikrishna Trust sold the same amount of shares at the same price.