The transaction does not alter the company’s shareholding in PFL, as it already owns 100% of the subsidiary. Since the deal is between the parent and its fully-owned unit, it is not considered a related party transaction under current regulations.
The company has also clarified that the promoter group’s involvement is limited to its existing interest in PFL as a wholly-owned arm of Piramal Enterprises.
PFL’s operational revenue has been on an upward trend, reporting ₹6,59,178 lakh in FY23, ₹6,66,356 lakh in FY24, and ₹8,17,948 lakh in FY25.
Meanwhile, Motilal Oswal maintained a ‘neutral’ rating on Piramal Enterprises shares in its research report dated June 23, 2025, while raising the target price to ₹1,250 from ₹1,085. The brokerage noted that the volatility in earnings appears to be behind, and a gradual improvement lies ahead.
It also highlighted Piramal’s plan to reduce its legacy wholesale loan book from ₹7,000 crore to ₹3,500-4,000 crore over the next year, without any negative impact on its financials, according to Moneycontrol.
Shares of Piramal Enterprises Ltd ended at ₹1147.75, down by ₹3.50, or 0.30%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
