Piramal Enterprises Ltd. has invested ₹700 crore in its wholly owned subsidiary, Piramal Finance Limited (PFL), through a rights issue. The transaction was disclosed in a regulatory filing dated June 27, 2025.
The capital will be used by Piramal Finance for general business and corporate purposes. No change will occur in the shareholding structure, as Piramal Enterprises already holds 100% equity in PFL.
Since the investment is between a parent company and its wholly owned subsidiary, it is not treated as a related party transaction under existing SEBI regulations. The promoter group’s involvement remains limited to their existing stake in Piramal Enterprises.
PFL’s revenue from operations stood at ₹6,59,178 lakh in FY23. This increased slightly to ₹6,66,356 lakh in FY24, followed by a larger jump to ₹8,17,948 lakh in FY25, as per the company’s filing.
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Separately, the company has outlined a plan to reduce its wholesale loan book from ₹7,000 crore to around ₹3,500-4,000 crore within a year, as per the Moneycontrol Report. The adjustment is expected to be managed without financial disruption.
Piramal Finance Limited was formerly known as Piramal Capital & Housing Finance Limited. It operates as a non-banking financial company under Piramal Enterprises.
As of 09:57 AM on June 30, 2025, Piramal Enterprises share price was trading at ₹1,149.20, a 0.07% increase, up 3.78% over 6 months, and 24.23% over the past year.
The ₹700 crore rights issue investment reinforces internal capital movement within the Piramal Group, with no change in ownership and no external fundraising involved. PFL will deploy the funds toward ongoing business needs.
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Published on: Jun 30, 2025, 10:39 AM IST
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