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Piramal Enterprises informs about clarification sought on news item

29 Nov 2021 Evaluate

With refer to respective emails dated 26th November, 2021 seeking clarification/ confirmation on the news item appearing in ‘www.economictimes.indiatimes.com’ dated 26th November, 2021 captioned 'Piramal ties up with API Holdings’, Piramal Enterprises has clarified that, Piramal Capital & Housing Finance Limited ('PCHFL'), a wholly-owned subsidiary of the Company, as pa11 of its regular business strategy has been offering digital retail loans in partnership with other players. During its normal course of business, it keeps exploring various opportunities to develop its digital lending business. In this context, PCHFL has been engaging with API Holdings to offer loans to consumers and merchants that are part of API Holdings' ecosystem.

The above information is a part of company’s filings submitted to BSE.

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