Piramal Finance Relists On Stock Exchanges At 12% Premium
The shares were trading 17.59% higher as of 10:50 a.m. at Rs 1,321 per share on the NSE.
Diversified NBFC Piramal Enterprises, which in September 2025 delisted and merged with Piramal Finance - a wholly owned subsidiary and has relisted on the stock exchanges on Friday as Piramal Finance.
The shares debuted at 12% premium at Rs 1,260 per share on the NSE in comparison to discovered price of Rs 1,124.20. However, as of 10:50 a.m. it was trading 17.59% higher at Rs 1,321.80 on the NSE and on the BSE it was trading 4.02% higher at Rs 1,321.
On Sept. 10, the National Company Law Tribunal (NCLT) approved the merger of Piramal Enterprises and Piramal Finance. As part of the merger process Piramal Enterprises shares stopped trading on Sept. 23. The shareholders had received equity shares of Piramal Finance in the 1:1 ratio.
"Shareholders of Piramal Enterprises on the record date will receive equity shares of Piramal Finance in a 1:1 ratio, as outlined in the merger scheme. All debt securities issued by Piramal Enterprises will also be transferred to Piramal Finance," the company said in a statement.
In addition to this, the Piramal Enterprises debt securities were also transferred to Piramal Finance. After the absorption of parent company Piramal Enterprises, Anand Piramal has assumed the role of chairman of Piramal Finance.
