Shriram Transport Finance Limited (STFC), India’s Commercial Vehicle Financier and Shriram City Union Finance Ltd. (SCUF), India’s diversified NBFC in the underserved segment and their Promoter entity Shriram Capital Limited (SCL) announced that the boards of directors of STFC, SCUF & SCL, at their respective board meetings held on 13th December 2021, approved the merger…
Piramal Enterprises Limited announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL). Speaking on the development, Ajay Piramal, Chairman, Piramal Group said, “We are very pleased to announce the consideration payment made towards the completion of this exciting acquisition. This accelerates our plans to become a leading digitally oriented,…
Piramal Enterprises Limited (PEL), a publicly listed company in India, announced that Khushru Jijina, Managing Director, Piramal Capital, will join the Board of Piramal Enterprises Limited as Executive Director, Financial Services. Since joining Piramal Group in 2001, Khushru has been instrumental in setting up the Group’s Financial Services business. Piramal’s journey in Financial Services started…
Piramal Enterprises Ltd to sell its healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million. The company will get $900 million at the time of closing the deal and the remaining $50 million after one year, it said in a statement. The deal is likely to be completed on or…
Financier Shriram Capital Ltd plans to merge two of its listed units, Shriram Transport Finance Co. Ltd and Shriram City Union Finance Ltd, with itself to create a simpler shareholding structure and help investors Piramal Enterprises Ltd and TPG Capital to easily sell their stakes in Shriram Group companies. Kotak Mahindra Capital Co. Ltd has…