Quote on Piramal Enterprises Limited by Mr. Yash Gupta, Angel One Ltd
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Below is quote on Piramal Enterprises Limited by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Piramal Enterprises Limited boards approves demerger of pharma operations, transfer by the way of demerged entity i.e Piramal Pharma Ltd from Piramal Enterprises Limited. Piramal Enterprises Limited shareholders will get shares of Piramal Pharma Ltd in 4:1 ratio i.e four shares of Piramal Pharma for every one share held in Piramal Enterprises. Convergence Chemicals Pvt. Ltd and Hemmo Pharmaceuticals Pvt Ltd will be amalgamated into Piramal Pharma Ltd and PHL Fininvest Pvt Ltd will be amalgamated into Piramal Enterprises limited.
This is very positive news for Piramal Enterprises Limited, we expect this to be value unlocking for Piramal Enterprises Limited shareholders.
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