Piramal Enterprises is currently trading at Rs. 690.00, up by 2.15 points or 0.31% from its previous closing of Rs. 687.85 on the BSE.
Piramal Enterprises and SBI Capital Markets (SBICAP) have entered into a Memorandum of Understanding (MoU) whereby both the companies have agreed to cooperate on business related opportunities in acquiring controlling stakes in Road PPP Assets where many developers are looking at hiving off their completed / near completion assets to repair their Balance Sheets.
The company and SBICAP have mutually agreed to engage on a preferred relationship basis for advisory services for such identified road assets. SBICAP would also assist PEL in obtaining necessary approvals for closing such transactions.
Piramal Enterprises is one of India’s largest diversified companies, with a presence in pharmaceutical, financial services and healthcare information management sectors.
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