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Piramal Enterprises planning to sell 20% stake in pharma business

18 Dec 2019 Evaluate

Piramal Enterprises is planning to sell a 20 percent stake in the pharma business to raise funds to pursue acquisitions in the sector in the first half of 2020. The move is in line with the company's plan to demerge the pharmaceutical and financial services businesses and eventually list onto the exchanges.

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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