Piramal Finance shares made a strong market debut on the NSE at \u20b91,260 apiece on November 7, marking a 12% premium over the discovered price of \u20b91,124.20 per share. The listing follows the company\u2019s merger with Piramal Enterprises, and the debut took place without an IPO.<\/p>\n
Trading in Piramal Enterprises shares had ceased on the stock exchanges since September 23, after the completion of the merger process. Before the merger, Piramal Finance was a wholly-owned subsidiary of Piramal Enterprises.<\/p>\n
The National Company Law Tribunal (NCLT) approved the merger of Piramal Enterprises Ltd (PEL) with its wholly-owned subsidiary Piramal Finance Ltd (PFL) on September 10, 2025.<\/p>\n
Piramal Enterprises had fixed September 23 as the record date for the merger. According to the scheme:<\/p>\n
Shareholders of PEL on the record date will receive equity shares of PFL in a 1:1 ratio.<\/p>\n<\/li>\n
All debt securities issued by PEL will also be transferred to PFL.<\/p>\n<\/li>\n<\/ul>\n
Following the merger, Anand Piramal assumed the role of Chairman of Piramal Finance, effective September 16, 2025.<\/p>\n
Also Read<\/strong>: Capital Markets at the Core of India\u2019s Growth Vision<\/a><\/em><\/p>\n Jairam Sridharan, Managing Director & CEO of Piramal Finance, said the next phase of growth will be driven by improved operating efficiencies, maturing businesses, and the use of technology and AI.<\/p>\n He highlighted that the company is targeting a 3% Return on Assets (RoA) in the coming years. Sridharan described the past five years as transformational, marking the firm\u2019s evolution from a wholesale lender to a retail-focused NBFC.<\/p>\n \u201cThe market has been conducive, and the promoter family has been very supportive of the strategy,\u201d Sridharan told Moneycontrol.<\/p>\n<\/blockquote>\n Following the acquisition of Dewan Housing in September 2021, Piramal Finance\u2019s retail book expanded from \u20b920,000 crore to over \u20b975,000 crore, reflecting a fourfold growth in four years. The business achieved break-even in July 2023, roughly two years after the acquisition.<\/p>\n Listing Price: \u20b91,260 per share on NSE<\/p>\n<\/li>\n Premium: 12% over the discovered price of \u20b91,124.20<\/p>\n<\/li>\n Merger Approved: September 10, 2025, by NCLT<\/p>\n<\/li>\n Record Date: September 23, 2025<\/p>\n<\/li>\n Share Swap Ratio: 1:1 for PEL shareholders<\/p>\n<\/li>\n Chairman: Anand Piramal<\/p>\n<\/li>\n RoA Target: 3%<\/p>\n<\/li>\n Retail Book Growth: \u20b920,000 crore \u2192 \u20b975,000 crore in four years<\/p>\n Click here to explore Piramal Finance shares made a strong market debut on the NSE at \u20b91,260 apiece on November 7, marking a 12% premium over the discovered price of \u20b91,124.20 per share. The listing follows the company\u2019s merger with Piramal Enterprises, and the debut took place without an IPO. Trading in Piramal Enterprises shares had ceased on the […]<\/p>\n","protected":false},"author":6,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1383],"class_list":{"0":"post-16968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1383,"user_id":6,"is_guest":0,"slug":"pradeep","display_name":"Pradeep Sangatramani","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/09\/Pradeep-Sangatramni.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/09\/Pradeep-Sangatramni.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=16968"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16968\/revisions"}],"predecessor-version":[{"id":16972,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16968\/revisions\/16972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/16971"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=16968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=16968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=16968"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=16968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Management Outlook on Growth<\/h2>\n
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Key Highlights<\/h3>\n
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\n<\/strong><\/em>Gift Nifty<\/a>
\nFII DII Data\u00a0<\/a>
\nIPO<\/a><\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"