Piramal Enterprises surges on entering into joint venture with Navin Fluorine International

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

28 Aug 2014 Evaluate

Piramal Enterprises is currently trading at Rs. 707.35, up by 27.20 points or 4.00% from its previous closing of Rs. 680.15 on the BSE.

The scrip opened at Rs. 687.00 and has touched a high and low of Rs. 710.00 and Rs. 687.00 respectively. So far 2,153 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 791.00 on 03-Jul-2014 and a 52 week low of Rs. 482.65 on 26-Nov-2013.

Last one week high and low of the scrip stood at Rs. 725.85 and Rs. 676.15 respectively. The current market cap of the company is Rs. 12,206.00 crore.

The promoters holding in the company stood at 52.91% while Institutions and Non-Institutions held 30.41% and 16.69% respectively.

Piramal Enterprises (PEL), one of India’s largest diversified companies, and Navin Fluorine International, a Arvind Mafatlal Group Company, have agreed to form a joint venture company (JVC) to develop, manufacture and sell specialty Fluorochemicals with specific focus on applications in healthcare.

Piramal Enterprises will hold 51% of the equity share capital of the proposed Joint Venture Company and the remaining 49% will be held by Navin. In the first phase of development, the JVC is expected to invest around Rs 120 crore in India.

The strategic joint venture leverages Navin’s fluorochemicals capabilities and Piramal’s strong presence in healthcare. With the increasing importance of fluorine in life sciences, there is a considerable potential to exploit synergies between the two companies.

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	968.15
Shriram Finance	993.25
Aditya Birla Capital	392.20
Chola Invest & Fin.	1718.15
Tata Capital	355.70
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