Piramal Enterprises Ltd (PEL) has injected ₹600 crore into its wholly owned subsidiary, Piramal Finance Ltd (PFL), through a rights issue. This strategic investment, disclosed in a regulatory filing on 26 March 2025, aims to strengthen PFL’s financial position and support its business growth.
PEL’s ₹600 crore infusion into PFL is structured as a rights issue, ensuring that the parent company retains full ownership of the subsidiary. As the transaction occurs within a holding company and its wholly owned unit, it is exempt from related-party transaction regulations under SEBI norms. This move reinforces PEL’s commitment to sustaining PFL’s operational and financial stability.
PFL, formerly known as Piramal Capital & Housing Finance Ltd, has shown consistent revenue growth over recent years. The company reported revenues of ₹6,038.61 crore in FY22, ₹6,591.78 crore in FY23, and ₹6,663.56 crore in FY24. This upward trajectory underscores its stable financial performance and expansion potential.
As of March 27, 2025, at 12:00 PM, PEL share price was trading at ₹980.55 per share, reflecting a surge of 0.18% from the previous day’s closing price.
Piramal Enterprises’ capital infusion into PFL highlights its strategic focus on strengthening its financial services arm. The steady revenue growth of PFL further supports the company’s long-term vision in the lending sector.
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Published on: Mar 27, 2025, 12:53 PM IST
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