Established in 1947, Piramal Enterprises Limited (PEL) stands as a prominent diversified non-banking financial company (NBFC) in India. With assets totaling 10 billion, it holds a significant position within the Piramal Group – a conglomerate known for its varied offerings.
An integral component of the Piramal Group, Piramal Enterprises Limited operates alongside its subsidiaries, each contributing a diverse range of products and services. These subsidiaries encompass Piramal Pharma Limited, Piramal Realty, Piramal Pharma Limited (yes, mentioned twice), and Piramal Foundation.
Boasting an extensive presence, Piramal Enterprises Limited boasts a widespread network of over 400 branches dispersed across 26 states and Union Territories. Its offerings encompass an extensive array of financial products and solutions, spanning retail and wholesale lending, fund-based platforms, and investment opportunities.
Piramal Enterprises Ltd. Stock Quote #
- Open: ₹1,040.00
- High – Low: ₹1,049.40 – ₹1,032.05
- Previous Close: ₹1,039.60
- Total Traded Value: 12,32,992
- 52 Weeks High: ₹2,084.10 (Aug 26, 2022)
- 52 Weeks Low: ₹630.45 (Mar 28, 2023)
- Updated On: Aug 10, 2023 4:00 PM
Piramal Enterprises Buyback 2023 Detail #
| Issue Period | |
| Security Name | Piramal Enterprises Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 14,000,000.00 |
| Issue Size (Amount) | ₹1,750.00 Crores |
| Buyback Price | ₹1250 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Piramal Enterprises Buyback 2023 Issue Timetable #
| Last Date to buy shares | Aug 24, 2023 |
| Record Date | Aug 25, 2023 |
| Offer Opens On | |
| Last Date for receipt of Tender Forms | |
| Offer Closes On * | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio #
[.]
Company Financials #
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 33,330.77 | 33,104.03 |
| Revenue | 2,820.22 | 4,837.13 |
| Profit After Tax | 997.68 | 14,333.30 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing |
Necessity of the Issue #
The Buy Back is being proposed by the Company to fulfill the following objectives:
- The Buyback will help the company to return surplus cash to its shareholders holding Equity Shares.
- The buyback will help the company improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as EOS and ROE.
- The Buyback gives an option to the shareholders holding Equity Shares of the company, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
- The Buyback, which is being implemented through the tender offer as prescribed under the Buyback Regulations, would involve a minimum reservation of 15% for Small Shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the Small Shareholders. The Company believes that this reservation for Small Shareholders would benefit a large number of public shareholders, who would get classified as Small Shareholders.
-
Piramal Enterprises Buyback 2023 Documents #
Company Contact Information #
Piramal Enterprises Limited
Piramal Ananta, Agastya Corporate Park,
Opposite Fire Brigade, Kamani Junction, LBS Marg,
Kurla (West), Mumbai – 400070Phone: +91-22-3802 3000/400
Email: corporate.communication@piramal.com
Website: https://www.piramal.com/Piramal Enterprises Buyback 2023 Registrar #
- Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: piramal.buyback2023@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.htm -
Piramal Enterprises Buyback 2023 Manager #
- Link Intime India Private Ltd
