NEW DELHI: Piramal Enterprises, promoted by Ajay Piramal, today proposed to acquire 9.99 per cent stake in NBFC firm Shriram CityBSE 5.11 % Union Finance for about Rs 790 crore.
Piramal Enterprises has agreed to acquire 65.8 lakh shares for cash on preferential basis at a price of Rs 1,200 per share of Shriram City UnionBSE 5.11 % Finance.
This represents 9.99 per cent of the post-diluted equity share capital, Shriram City Union FinanceBSE 5.11 % said in filing to the BSE.
Shares of Shriram City Union Finance closed at Rs 1,183.05 per unit, up 5.11 per cent on the BSE.
Sensex, Nifty closed on account of Maharashtra Day
NEW DELHI: Indian stock market will remain shut on Thursday, 1st May on account of public holiday. The BSE, NSE will remain closed for " Maharashtra Day".
Profit booking continued unabated on D-Street for the fourth consecutive day at a stretch as the world's largest democracy went in for 7th phase of polling. The index finally closed below its crucial psychological level of 6700 on Wednesday.
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