Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 8 May 2024.Powered by Capital Market - Live News

Piramal Enterprises has allotted 15,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (Debentures) each having a face value of Rs.1,00,000/-, aggregating to Rs. 150 crore on a private placement basis. Powered by Capital Market - Live News

Net loss of Piramal Enterprises reported to Rs 2377.59 crore in the quarter ended December 2023 as against net profit of Rs 3545.37 crore during the previous quarter ended December 2022. Sales rose 17.13% to Rs 2452.44 crore in the quarter ended December 2023 as against Rs 2093.80 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2452.442093.80 17 OPM %49.1547.45 - PBDT246.08143.82 71 PBT204.70113.48 80 NP-2377.593545.37 PL Powered by Capital Market - Live News

Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 29 January 2024.Powered by Capital Market - Live News

Piramal Enterprises (PEL) announced that as on 30 November 2023, the value of investments by the company and Piramal Capital & Housing Finance in alternative investment funds (AIFs) units was Rs 3,817 crore. a. Rs. 653 crore of this pertains to Funds that have no exposure to any debtor companies of PEL.b. Of the remaining Rs. 3,164 crore, Rs. 1,737 crore worth of downstream investments have been made by the AIF into 3 entities that are (or were in the last 12 months) debtor companies of PEL(consolidated).c. Taking a conservative view of the regulatory intent, PEL intends to adjust the entire Rs. 3,164 crore in the company`s financial statements through capital funds or provisions. PEL has a consolidated net worth of Rs. 28,710 crore (September end 2023), and a capital adequacy of 31%. The company stated that it remains confident of full recovery of the underlying downstream investments in the impacted AIF units.1. PEL (consolidated) has received Rs. 905 crore so far as repayment of interest and principal on these units.2. Receivables on this Fund accrue to PEL commensurate with the company`s investment holding. Powered by Capital Market - Live News