Piramal Enterprises appoints Yesh Nadkarni
NEW DELHI: Piramal Enterprises Limited (‘PEL’) said that it has appointed Yesh Nadkarni as CEO of Wholesale lending, in Piramal Capital & Housing Finance Limited (PCHFL), a wholly owned subsidiary of PEL, with a primary focus on real estate lending business. In his role, Yesh will be responsible for further expanding PCHFL’s wholesale lending business, […]
Piramal Enterprises Q2 profit rises 14% to Rs 628.31 crore
NEW DELHI: Ajay Piramal-led Piramal Enterprises on Wednesday reported a 13.95% increase in its consolidated net profit to Rs 628.31 crore for the quarter ended on September 30, 2020, driven by robust sales in the pharma segment. The company had posted a net profit of Rs 551.37 crore for the corresponding period of the previous […]
Kunal Bahl, Suhail Nathani appointed independent directors of Piramal Enterprises
NEW DELHI: Piramal Enterprises Limited today announced the appointment of Kunal Bahl, CEO, Snapdeal and Suhail Nathani, Managing Partner, Economic Law Practice, as Independent Directors to its Board with effect from October 14, 2020. Kunal Bahl, is the CEO & Co-Founder of Snapdeal.com, India’s leading, value-focused e-commerce marketplace that has raised capital from leading global […]
Piramal Enterprises appoints Jairam Sridharan to lead its Consumer Finance
NEW DELHI: Piramal Enterprises Limited has announced the appointment of Jairam Sridharan as Chief Executive Officer (CEO) of its Consumer Finance Business. Jairam comes with over two decades of deep expertise in domestic and international retail finance. Previously, as Chief Financial Officer (CFO) of Axis, Jairam raised over US$1.8 Bn, the largest private equity infusion […]
Piramal Enterprises signs MoU with Canada Pension Plan Investment Board
NEW DELHI: Piramal Enterprises Limited (PEL) today signed a Memorandum of Understanding with Canada Pension Plan Investment Board (CPPIB), a Canadian pension fund, to co-sponsor a renewable energy focused Infrastructure Investment Trust (InvIT). With an initial corpus of US$ 600 million, and the option to scale further, the InvIT would seek to acquire up to […]
Piramal Enterprises to raise Rs 590 crore via allotment of bonds
NEW DELHI: Piramal Enterprises on Friday said it would raise Rs 590 crore through allotment of secured redeemable non-convertible bonds on a private placement basis. At the meeting of the Administrative Committee of the Board, the committee approved the allotment of 5,900 secured redeemable non-convertible bonds having the face value of Rs 10 lakh only […]