Piramal Enterprises sets a record date for merger; shareholders to get pyramal financial shares

Piramal Enterprises (PEL) has announced September 23 as the record date for his merger with Piramal Finance (PFL). From this date, trade in PEL Securities will stop and shareholders stated in the register of the company will be allocated shares of PFL on a 1: 1 basis.

The company announced BSE and NSE through an application on 20 September that the integration process is now underway after approval of the composite regulation schedule by the NCLT.

With the merger in force from 16 September, PEL -shares will stop trading from the record date and allocations to eligible shareholders will be completed afterwards. Upon allocation, PFL will register a list of these shares on the stock markets of the shares, after which they will be available for trade. However, existing debts from PFL will continue to act without interruption.

Under 1: 1 stock swap, each PEL -shareholder receives one share of PFL for each share held for each. This structure ensures continuity for investors and simplifies the transition to a single listed entity.

The merger is powered by legal requirements under the scale -based framework of the Reserve Bank of India. Since PFL is again classified as an NBFC investment and credit company (NBFC-ICC), RBI rules prohibit more than one NBFC-ICC within the same group. In addition, PFL must be mentioned as an upper layer of NBFC on September 30.

For investors, consolidation brings the credit and financing activities of the group under a single platform, making a broader series of products, improved customer service and operational efficiency possible that support profitability and shareholder value. This merger represents the final step in the transition from Piramal Enterprises from a diversified business model to a pure-pure financial service company. The group has consistently emphasized the strategic benefits of consolidation, in particular in terms of scale, compliance and visibility of investors.