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Piramal Finance shares listed on the NSE on November 7, up 12% at ₹1,260. Its discovered price was ₹1,124. This listing has happened after the merger of Piramal Enterprises (PEL). Trading of PEL shares has been stopped since September 23. Its shareholders have received shares in 1:1 ratio.
Ambani and Piramal family were present at the event.
From the Ambani family, Reliance Foundation chairperson Nita Ambani was present along with her daughters-in-law Shloka Mehta and Radhika Merchant. From the Piramal family, group chairman Ajay Piramal, Dr. Swati Piramal, Nandini Piramal and Anand Piramal’s wife Isha Ambani were present along with their children.
Group photo took place on stage. During this time, Nita Ambani’s grandson Krishna started crying on the stage, so Nita pacified him by taking him in her lap. Its video is being shared on social media.
The company will focus on affordable housing, retail lending
Company Chairman Anand Piramal said in the NSE listing event that the company will now focus on affordable housing and retail lending. MD Jairam Sreedharan said- We shifted from wholesale to retail, which is rare on this scale. He told that the business break-even was reached in July 2023.
Piramal Finance is an NBFC focused on affordable housing and small business loans. After the DHFL acquisition in September 2021, the retail book was ₹20,000 crore, which has now increased to more than ₹75,000 crore. Retail plus new wholesale business grew 4 times in 4 years.
Listing background: Merger of PEL into PFL
The merger of Piramal Enterprises Limited (PEL) and Piramal Finance Limited (PFL) was approved by NCLT on September 10. The record date was fixed as 23 September. In this, PEL shareholders got PFL shares in 1:1 ratio. Trading of PEL shares was stopped from the record date.
Anand Piramal has become the chairman of PFL from 16 September 2025. This merger is part of the company’s growth strategy, where the focus is on strengthening financial services. PFL was previously a holding subsidiary of PEL. Now the financial base has become stronger due to the merger.
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