Piramal Enterprises Shares to Be Delisted on September 23; Shareholders to Receive 1:1 Allotment in Piramal Finance

Piramal Enterprises has confirmed September 23, 2025, as the record date for its merger with Piramal Finance. From this date, PEL shares will cease trading on stock exchanges, and eligible shareholders will be allotted equity shares of PFL on a one-for-one basis.

Key Details of the Merger

• Last trading day for PEL shares: September 23, 2025 (record date)
• Allotment ratio: 1 PEL share = 1 PFL share
• Debt securities: All PEL-issued debt instruments to be transferred to PFL
• Next steps: PFL to apply for stock exchange listing post-allotment
• Trading in new shares: To commence once regulatory approvals are granted

Importantly, the merger will not affect existing debt securities of PFL, which will continue trading without interruption.

Regulatory Approvals and Announcements

PEL had previously informed investors through stock exchange updates on September 11 and 16, 2025. The National Company Law Tribunal (NCLT), Mumbai Bench, approved the Composite Scheme of Arrangement on September 10, 2025, with the order uploaded on the Tribunal’s website the following day.

The scheme outlines the merger of PEL into PFL (formerly Piramal Capital & Housing Finance Limited), including provisions for both shareholders and creditors.

Strategic Significance

This merger consolidates Piramal Group’s financial services under a single listed entity, enhancing scale, compliance, and operational clarity. By transitioning to PFL, the group aims to strengthen investor visibility and streamline its lending and financing operations.

Read More: Dividends, Stock Splits & Bonus Issues This Week (Sep 22–26, 2025): Adani Power, Pidilite, Nazara Tech, and More.

Conclusion

With September 23 marking the last day of trading for Piramal Enterprises shares, shareholders will transition seamlessly into Piramal Finance through a 1:1 allotment. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.