Piramal Finance shares soar 12% on debut after merger
Piramal Finance hit the stock market with a bang, listing at ₹1,260 per share—about 12% higher than the discovered price.
This strong start comes right after it merged with Piramal Enterprises, skipping the usual IPO route and streamlining everything under one roof.
The merger details
If you held Piramal Enterprises shares, you automatically got the same number of Piramal Finance shares.
All previous company debts were also moved over, making things simpler and more unified under their new non-banking financial company (NBFC) setup.
Tech-powered growth ahead
With Anand Piramal stepping in as Chairman effective September 16, 2025, the company is shifting gears toward tech-powered growth.
CEO Jairam Sridharan says they're focusing on optimization of technology and artificial intelligence to boost efficiency and aim for a 3% return on assets in the coming years—so expect some smart moves from here on out.