Piramal Enterprises has received approval from National Company Tribunal (NCLT), Mumbai Bench for Scheme of Amalgamation of the company’s wholly owned subsidiaries - Piramal Finance (PFL) and Piramal Capital (PCL) with Piramal Housing Finance (PHFL) which is wholly owned subsidiary of PFL and a step-down wholly owned subsidiary of the company.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.