1,763.20 -30.10(-1.68%)
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Piramal Finance Limited was originally incorporated and registered as Dewan Housing Finance & Leasing Company Limited' on April 11, 1984, as a public limited company. The name of the Company was subsequently changed to Dewan Housing Development Finance Limited' on September 26, 1984, again to Dewan Housing Finance Corporation Limited' on August 25, 1992, to Piramal Capital & Housing Finance Limited' on November 3, 2021, and further to Piramal Finance Limited' on March 22, 2025, and a fresh incorporation certificate was issued by the Registrar of Companies, Maharashtra at Mumbai.Piramal Finance is the flagship diversified non-banking financial services company of the Piramal Group, which is one of India's leading business conglomerates with a legacy spanning 40 years. The Promoter, Ajay G. Piramal and the Piramal Group entities, have interests across sectors such as financial services, pharmaceuticals, real estate and investments. On May 8, 2024, the Board of Directors of PEL and the Company approved a Scheme of Arrangement to merge PEL with the Company. Company does not meet the requisite Principal Business Criteria' prescribed by the RBI under the Master Direction - Non- Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021, to continue oper...