The NCLT has approved the reverse merger of Piramal Enterprises Limited (PEL) into Piramal Finance Limited (PFL), with a record date of September 23, 2025.
Right now stock is available at an attractive valuation, almost at book value.
The transaction aims to simplify group structure, optimize capital, and create direct value for shareholders by removing multi-layered corporate entities.
PFL will be a pure-play listed NBFC, which is more transparent for market valuation and benchmarking against peers.
I feel there are likely synergy benefits (cost savings, revenue growth, geographical expansion) post-merger.
Need insight of the forum members on the financials of PFL and their view on this merger.
Disclaimer: Invested, looking to increase my holdings in coming days.