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Completes demerger process, in line with objective to transform the group from a multi-sector conglomerate into two separate sector-focused listed entities.
October 20, 2022
By: Kristin Brooks
Managing Editor, Contract Pharma
Piramal Pharma Limited (PPL) has listed on the Indian stock exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). In June 2020, PPL signed an agreement with The Carlyle Group Inc. to invest growth equity capital for a 20% stake in Piramal Pharma Ltd. Accordingly, the pharmaceuticals business was vertically demerged from Piramal Enterprises Limited (PEL). In October 2021, the Board of Directors of PEL approved the demerger of the pharmaceuticals business and simplificatio...
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