Piramal Enterprises infuses ₹1,000 crore in NBFC arm via rights issue

BL Mumbai Bureau Updated - January 02, 2025 at 08:06 PM.

PCHFL will utilise the investment towards business/ general corporate purposes

Businessman taking pile of money, Indian Rupee banknotes, on his desk in a dark office - corruption concept | Photo Credit: Kritchanut

Piramal Enterprises has invested ₹1,000 crore in its wholly owned subsidiary Piramal Capital via rights issues, according to an exchange notice.

“We wish to inform you that the Company has invested ₹1,000 crore in Piramal Capital & Housing Finance Limited (PCHFL), a wholly owned subsidiary of the company by way of subscription to rights issue (transaction),” the notice said.

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PCHFL will utilise the investment towards business/ general corporate purposes. There is no change in the shareholding percentage of the company in PCHFL following the investment.

Published on December 31, 2024 13:38