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 […]
The consolidated net profit in June quarter at Piramal Enterprises rose by 52% to RS 276 Crore, powered by lower credit costs and improved margins. “The strong (consolidated) profit growth this year is mainly driven by our retail activities, which registered a growth of 37% in AUM, the credit costs fell while the margins improved,” […]