Piramal Enterprises Injects ₹1,000 Crore into Piramal Capital & Housing Finance
2024-12-31
cnbctv18
Piramal Enterprises has made a significant investment of ₹1,000 crore in its subsidiary Piramal Capital & Housing Finance, bolstering its financial capabilities. This strategic move is expected to drive growth and expansion in the housing finance sector, with Piramal Enterprises retaining 100% ownership of PCHFL. The news had a positive impact on the stock market, with shares of Piramal Enterprises Ltd closing at ₹1,106, up by 0.31% on the BSE, showcasing the company's strong financial standing and commitment to investing in its subsidiaries, including housing finance companies and financial services providers. This investment is likely to boost the company's financial performance and reputation in the market.
