Piramal Enterprises provides update on subsidiary - Piramal Finance

Piramal Finance plans to set up a Housing Finance Company

Piramal Enterprises announced that the Company's wholly owned subsidiary, Piramal Finance ('PFL') is in the business of providing financial services.

In line with the Company's growth plans, PFL will now be making an application to the National Housing Bank (NHB) for incorporating a Housing Finance Company (HFC) as its subsidiary. This has been approved by the Company's Board of Directors at its meeting held on 05 January 2017.

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