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Piramal Enterprises Ltd has invested ₹1,000 crore in Piramal Capital & Housing Finance through a rights issue. The move supports business growth, maintaining 100% ownership. Piramal Enterprises Ltd share price closed at ₹1,106, reflecting investor confidence.
Piramal Enterprises Ltd has infused ₹1,000 crore into its wholly owned subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), via a rights issue subscription. This internal transaction aims to strengthen PCHFL's financial capacity for business expansion and corporate purposes. The investment maintains Piramal Enterprises' 100% ownership in PCHFL, exempting it from related-party transaction regulations.
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Investment Value: ₹1,000 crore via rights issue.
Ownership: Piramal Enterprises retains 100% stake in PCHFL.
Purpose: To support business and corporate objectives.
Piramal Enterprises Ltd Share Price: Closed at ₹1,106, up by 0.31%.
Also read: CCI Approves 72.8% Stake Acquisition in Prataap Snacks
PCHFL’s turnover has shown steady growth over the years:
Financial Year | Turnover (₹ Crore) |
FY22 | 6,038.61 |
FY23 | 6,591.78 |
FY24 | 6,663.56 |
This consistent increase reflects the subsidiary's robust performance in the lending sector, with the latest investment likely to enhance its capabilities further.
For Q2 FY25, Piramal Enterprises reported significant financial results:
Net Profit: ₹162.97 crore (238% YoY increase).
Revenue: ₹2,080.43 crore (17% YoY growth).
Assets Under Management (AUM): ₹62,626 crore (45% YoY rise).
Retail Lending AUM: ₹54,737 crore (42% YoY growth).
Mortgage Disbursements: ₹4,653 crore (39% YoY increase).
These figures highlight the company's sustained growth trajectory across key financial metrics.
Piramal Enterprises Ltd share price reflected positive investor sentiment, closing at ₹1,106, marking a 0.31% increase on the BSE. The rise follows the company’s announcement of its strategic ₹1,000-crore investment, showcasing strong financial health.
The ₹1,000-crore infusion into PCHFL underscores Piramal Enterprises' commitment to strengthening its lending business. With consistent growth in financial metrics and a robust strategy, the company is well-positioned for future expansion, as reflected in the performance of Piramal Enterprises Ltd share price.
Also read: Kalpataru Projects Secures ₹1,011-Crore Orders Across Key Sectors
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