Piramal Enterprises approves raising of Rs 5,400 crore capital

The board of Piramal Enterprises on Friday approved fresh capital raising of Rs 5,400 crore through a rights issue and preferential allotment of compulsory convertible debentures (CCDs).

Piramal Enterprises files complaint with SEBI on misleading rumours

Piramal Enterprises Ltd (PEL) said on Thursday that certain market participants are spreading false and misleading rumours against the company’s financial services business in an attempt to create panic among various stakeholders.

What’s stopping SoftBank from investing in Piramal?

A potential investment by SoftBank (Japanese multinational conglomerate) into the financial services arm of the Piramal Group will likely depend on the Indian company’s preparedness to aggressively move into the consumer finance segment,