Piramal Enterprises will sell its entire direct investment of 20 per cent of the fully paid-up equity share capital.
As per reports, Piramal Enterprises will has signed share purchase agreement with Shriram Ownership Trust (SOT), for a consideration of Rs 1,440 crores.
“This Transaction is aligned with our focus on monetizing non-core assets. The proceeds from the Transaction will further strengthen our balance sheet,” Piramal Enterprises said.
