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Piramal Enterprises’ arm enters into agreement to divest entire stake in PISA

26 Jun 2018 Evaluate

Piramal Enterprises’ (PEL) wholly owned subsidiary, Piramal Holdings (Suisse) SA, has entered into a definitive agreement thereby divesting its entire stake in Piramal Imaging SA (PISA), its subsidiary, to Alliance Medical Acquisitionco (Alliance).

Consequent to the divestment, Piramal Imaging and Piramal Imaging GmbH, wholly-owned subsidiaries of PISA will also become subsidiaries of Alliance and cease to be step-down subsidiaries of PEL.

Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.

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