Merger News: Trading of shares of this company will stop from September 23

News Topical, Digital Desk : The merger of Piramal Enterprises Limited (PEL) with Piramal Finance Limited (PFL) will be effective from September 23. The company stated in a regulatory filing on Saturday that the record date has been fixed as September 23, 2025. From this date onwards, trading in the shares of Piramal Enterprises Limited will be discontinued on the stock exchanges. Earlier, the National Stock Exchange of India (NSE) had announced that trading in the equity shares of Piramal Enterprises Limited (PEL) will be discontinued from September 23, 2025. This will be effective after the close of trading hours on September 22.

The company stated that shareholders of Piramal Enterprises Limited on the record date will receive equity shares of PFL in a 1:1 ratio under the merger scheme. Additionally, all debt securities issued by PFL will be transferred to PFL. Following the allotment and transfer of shares, PFL will apply to the stock exchanges for listing. Trading of the new shares will commence upon receiving regulatory approval. The company also clarified that this development will not affect PFL's existing debt securities and they will continue to trade as before. PEL previously informed investors of the merger through stock exchange announcements on September 11 and 16, 2025. The company stated that this process was made possible following the approval of the National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT issued its order on September 10, 2025, which was uploaded on the Tribunal's website on September 11. 

Read More: Will the impact of GST reforms be seen on the Monday market? Know how the stock market will move on 22nd?