Piramal Enterprises Ltd

Stock Opportunities
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Piramal, Dalmias in race for Electrosteel

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First successful SDR coming? Ajay Piramal’s Piramal Enterprises, Dalmia’s Renaissance Group vie for Electrosteel Steels

http://www.financialexpress.com/industry/first-successful-sdr-coming-ajay-piramals-piramal-enterprises-dalmias-renaissance-group-vie-for-electrosteel-steels/488408/

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Eye on the prize: Ajay Piramal strikes it big with contrarian calls
By staying alert to investment opportunities and betting on long-term potential, Ajay Piramal has built a diversified empire of successful businesses

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http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/B272B513_3A7A_4931_BFD2_1905E9AE70CF_142757.pdf

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Khushru Jijina in Business Standard 05-01-2017

20170105a_004101001.pdf (135.0 KB)

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Piramal Enterprises Ltd has informed BSE that the Company’s wholly owned subsidiary, Piramal Finance Limited (‘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 January 05, 2017.

http://www.bseindia.com/corporates/anndet_new.aspx?newsid=b8273761-32c4-49ed-9ed8-fb810f27abe7

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312

This is another welcome strategic move by PEL. With their deep pockets and experience in the RE sector, It’s an icing on the cake.

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Will achieve FY17 sales target: Piramal Realty

Despite a 25 percent drop in sales due to demonetisation, Piramal Realty will meet its sales target for the current fiscal year - that’s the word coming from Executive Director of Piramal Group, Anand Piramal.

Read more at: http://www.moneycontrol.com/news/business/will-achieve-fy17-sales-target-piramal-realty_8233941.html

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Note ban impact on realty not as bad as projected: Ajay Piramal

Asserting that sales in A-class real estate sector have been about 75 percent of the average, Ajay Piramal of Piramal Enterprises rubbished concerns of demonetisation have a big impact on realty.

Read more at: http://www.moneycontrol.com/news/business/note-ban-impactrealty-not-as-bad-as-projected-ajay-piramal_8232841.html

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AP continues his strategy of merging Shriram and Piramal group. Rajesh Laddha CFO of Piramal group to become CEO of Shriram Capital.

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316

Piramal Finance invests Rs425 crore in Prateek Group project
Prateek Group will use the funds from Piramal Finance to repay existing loans, complete construction of a township project in Delhi NCR

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http://economictimes.indiatimes.com/wealth/real-estate/even-trump-building-is-not-immune-to-indias-real-estate-woes/articleshow/56469771.cms

Khushru Jijina sounds more cautious here than in other posts.

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With all due respect, 60% sales in 2 years is great for a super luxury project like Trump towers. I don’t see how that qualifies as “real estate woes”…

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Now, Mistry accuses two independent directors at Tata Sons of collusion

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Piramal Enterprises invests Rs 615.50 crore in two cement firmsThrough its Structured Investment Group
Piramal invests Rs.265.50 crore in Sanghi Industries and Rs.350 crore in NCL Industries

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Piramal Finance to start home loans in four months, eyes small corporate lending too
Piramal Finance also seeks to form a JV for slum redevelopment investments,
lend to new sectors and begin housing finance in four months’ time

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Piramal continues on its acquisition spree

http://www.moneycontrol.com/news/business/piramal-to-acquire-drugsuks-mallinckrodt-for-rs-1162cr_8369261.html"?port_flg=yes&utm_source=MC_INMAIL_NEWS"

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Ajay Piramal confirming that demerger of financial services and pharma business will happen in medium term. My guess it will happen in 3-5 years depending on the external environment. I think it will be huge value unlocking event for the shareholders of Piramal Enterprise as holding company discount would go away.

http://www.moneycontrol.com/news/business/piramal-enterprises-to-demerge-healthcare-financial-services_8376261.html"?port_flg=yes&utm_source=MC_INMAIL_NEWS"

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Attended the recent conf. call on Pharma Strategy given by AP. Following are my takeaways.

  • Investments into Piramal Imaging will stop by the end of the quarter. Alzheimer’s trials didn’t go well and the company has decided to stop investing. Last year this division lost 166 Cr.
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