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CCI gives nod for subscription of Piramal Enterprises' compulsory convertible debentures by CDPQ

11 Dec 2019 Evaluate

Competition Commission of India (CCI) has given an approval to subscription of Piramal Enterprises' compulsory convertible debentures by Canadian institutional investor, Caisse de depot et placement du Quebec (CDPQ). Upon conversion, equity shareholding of CDPQ in Piramal Enterprises will increase from 3.68 per cent to 8.99 per cent.

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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