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Piramal Enterprises receives Rs 6,500 crore on closing sale of DRG business

02 Mar 2020 Evaluate

Piramal Enterprises has received $900 million (around Rs 6,500 crore) on completion of divestment of stake in its healthcare insights and analytics business to US-headquartered Clarivate Analytics. In January 2020, the company had signed an agreement for sale of its Decision Resources Group (DRG) business to Clarivate Analytics for $950 million. The company would use the money to reduce debt and to explore organic and inorganic growth opportunities.

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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