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Piramal Enterprises to de-merge healthcare, financial services business: Report

17 May 2016 Evaluate

Piramal Enterprises is reportedly looking to de-merge its healthcare and financial services businesses. While new sectors are on the radar for investment, the group is setting up a fund to invest in stressed assets.

The company’s net profit almost doubled to Rs 180 crore for the three months ended March 31, 2016, riding on improved performances of its business segments and lower research expenses. It had posted a net profit of Rs 95 crore during the comparable year-ago quarter.

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