Piramal Enterprises surges on plan to acquire 9.99% stake in SCUFL

Piramal Enterprises Ltd. - (Amalgamated) | Finance - NBFC | BFSI | BSE: 500302 | NSE: PEL

02 May 2014 Evaluate

Piramal Enterprises is currently trading at Rs. 548.00, up by 7.90 points or 1.46% from its previous closing of Rs. 540.10 on the BSE.

The scrip opened at Rs. 550.00 and has touched a high and low of Rs. 557.00 and Rs. 540.00 respectively. So far 7074 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 648.30 on 02-Sep-2013 and a 52 week low of Rs. 476.00 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 588.95 and Rs. 539.00 respectively. The current market cap of the company is Rs. 9439.20 crore.

The promoters holding in the company stood at 52.94% while Institutions and Non-Institutions held 30.57% and 16.48% respectively.

Piramal Enterprises has agreed to acquire 65,79,840 equity shares in Shriram City Union Finance (SCUFL), representing 9.99% of the post-diluted equity share capital of SCUFL, by way of subscription to fresh shares pursuant to a preferential allotment by SCUFL.

The company had recently agreed to acquire an effective 20% equity stake in Shriram Capital, a financial services company, for an aggregate consideration of Rs 2,014 crore. Shriram Capital (SCL) is the overarching holding company for the financial services and insurance entities of the Shriram Group, created with the primary objective of optimizing the synergies across the group’s entities.

Piramal Enterprises is one of India’s largest diversified companies, with a presence in pharmaceutical, financial services and healthcare information management sectors.

Piramal Ent - Amalga Share Price

1124.60 0.00 (0.00%)

22-Sep-2025 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	1020.45
Shriram Finance	1044.40
Aditya Birla Capital	408.25
Chola Invest & Fin.	1808.55
Tata Capital	360.45
View more..

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