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Piramal Enterprises To Carve Out Pharma Business

Piramal Enterprises Ltd. will segregate its pharmaceutical and financial services businesses to unlock the potential value of each vertical and streamline the group structure. ....

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Piramal Enterprises looking at acquisition of multiple pharma assets, possible re-entry into domestic formulations

Piramal Enterprises looking at acquisition of multiple pharma assets, possible re-entry into domestic formulations
Moneycontrol
13 hours ago
Viswanath Pilla
© Viswanath Pilla
Piramal Enterprises looking at acquisition of multiple pharma assets, possible re-entry into domestic formulations
Piramal Enterprises Ltd (PEL) is looking at multiple acquisition opportunities across its pharma business, including a possible re-entry into domestic formulations, which the company exited in 2010.
The company, in its FY21 annual report, said that it is looking at acquisitions of niche manufacturing capabilities for a Contract Development and Manufacturing Organisation (CDMO).
A CDMO is a company that serves other companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development to manufacturing. ....

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Broader market trades firm; breadth remains strong

The benchmark indices firmed up once again in afternoon trade. The Nifty reclaimed 15,100 mark again. Positive global cues boosted investors sentiment. Trading was volatile as the February 2021 F&O contracts expire today, 25 February 2021.
At 13:20 IST, the barometer index, the S&P BSE Sensex, soared 386.07 points or 0.76% at 51,167.76. The Nifty 50 index added 149.35 points or 1% at 15,131.35.
Reliance Industries (up 3.31%), Axis Bank (up 3.75%) and HDFC Bank (up 0.94%) supported the uptrend.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 1.12%. The S&P BSE Small-Cap index gained 1.25%.
Buyers outpaced sellers. On the BSE, 1,792 shares rose and 1,052 shares fell. A total of 148 shares were unchanged. ....

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Piramal Enterprises spurts after subsidiary completes acquisition of CCPL

Piramal Enterprises spurts after subsidiary completes acquisition of CCPL
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Market rises for 3rd day, Nifty reclaims 15K mark; RIL climbs 3.8%

Market rises for 3rd day, Nifty reclaims 15K mark; RIL climbs 3.8%
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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