Piramal Enterprises Update by Epic Research

Piramal Enterprises has acquired 65,79,840 equity shares comprising 9.99% equity stake of Shriram City Union Finance, the retail focused non-banking financial company (NBFC) of the Shriram Group. The acquisition, by way of a preferential allotment of shares by Shriram City Union, was at a price of Rs 1,200 per equity share. The total consideration paid was Rs 790 crore.



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