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Piramal Enterprises to acquire 9.99% stake in Shriram City Union Finance

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To acquire 65,79,840 equity shares

Piramal Enterprises announced that the Company has on 30 April 2014 agreed to acquire 65,79,840 equity shares in Shriram City Union Finance ('SCUFL'), representing 9.99% of the post-diluted equity share capital of SCUFL, by way of subscription to fresh shares pursuant to a preferential allotment by SCUFL.

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First Published: Apr 30 2014 | 8:48 PM IST

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