SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Piramal Enterprises to sell its clinical research division to Indoco Remedies

02 Apr 2015 Evaluate

Piramal Enterprises (PEL) has signed a definitive agreement to sell its clinical research division known as ‘Piramal Clinical Research (PCR)’ (formerly known as Wellquest), to Indoco Remedies (Indoco) on a going concern basis for cash. Hyderabad based PCR specializes in conducting bio-analytical and bioequivalence studies for generic products and holds approvals from various regulatory agencies including US FDA, UK MHRA, etc.

PCR was not considered strategic in nature and formed a relatively small portion of the PEL’s consolidated business. The transaction does not have a material impact on PEL’s balance sheet or P&L. Fixed assets of this division along with the employees will be transferred to Indoco on a slump sale basis as a part of the transaction. The sale transaction is expected to be completed upon receipt of purchase consideration by April 06, 2015.

Piramal Enterprises (PEL) is one of India’s large diversified companies, with a presence in healthcare, healthcare information management and financial services. PEL’s consolidated revenues were $750 million in FY2014, with approximately 70% of revenues from outside India.


Piramal Ent - Amalga Share Price

1124.60 0.00 (0.00%)
22-Sep-2025 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×