Piramal Enterprises Forays Into Housing Finance, Shares Jump

Piramal Enterprises shares rose nearly four per cent to hit an intraday high of Rs 1,719.50 on Friday, after the company announced its plan to foray into housing finance. At a board meeting held on Thursday, Piramal Enterprises Limited announced plans to enter the retail housing finance market. "The Board of Directors has given its approval for Piramal Finance Ltd to make an application to the National Housing Bank (NHB) for incorpo...