Piramal Enterprises Limited (PEL) has announced that the record date for allotting equity shares of Piramal Finance Limited (PFL) following the merger is September 23, 2025. Shareholders of PEL as of this date will receive PFL shares in a 1:1 ratio. Trading of PEL shares will be stopped from the record date, while existing debt securities of PFL will continue to trade on the exchanges. The allotment is part of the merger between PEL and PFL.
Merger Completion and Share Allotment
Piramal Enterprises Limited (PEL) has officially announced the record date for the merger with Piramal Finance Limited (PFL). As per the latest communication, the record date has been fixed as September 23, 2025, for the purpose of allotting equity shares of PFL to eligible shareholders of PEL.
Key Details for Shareholders
The following points are crucial for investors:
Record Date: September 23, 2025
Share Allotment Ratio: Shareholders of PEL, whose names appear in the register of members on the record date, will be allotted equity shares of PFL in a 1:1 ratio.
Trading Information
PEL Trading Halt: Trading of PEL shares will be stopped from the September 23, 2025 record date.
PFL Debt Securities: Existing debt securities issued by PFL will continue to trade on the stock exchanges.
Website Information
Additional details regarding the merger and related information are available on the official websites of Piramal Enterprises Limited and Piramal Finance Limited:
https://www.piramalenterprises.com/
https://www.piramalfinance.com/
Source: BSE
