Trilegal Advised On Reverse Merger Of Piramal Enterprises With Piramal Finance And Subsequent Equity Listing

Trilegal advised on reverse merger of Piramal Enterprises with Piramal Finance and subsequent equity listing

The Leading Law firm in India, Trilegal has advised Piramal Enterprises Limited and Piramal Finance Limited on the merger of Piramal Enterprises into its wholly owned debt-listed subsidiary, Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited), following its conversion from an HFC to an NBFC-ICC. This transaction marks a rare reverse merger in the Indian financial services sector. The merger has been approved by the National Company Law Tribunal, Mumbai, and the equity shares of Piramal Finance have been listed on the stock exchanges.

The Trilegal Corporate Team advising on the mandate was led by Ashwyn Misra (Partner) and Deep Choudhuri (Partner), with support from Shebani Bhargava (Senior Associate), Medha Nagpal (Associate), and Gayathri Pillai (Associate).

The Trilegal Disputes Team advising on the mandate was led by Chitra Rentala (Partner), with support from Kriti Srivastava (Senior Associate), Khyati Mehrotra (Senior Associate), and Priyanka Vishnoi (Associate).

The Trilegal Banking & Finance Team advising on the mandate was led by Ameya Khandge (Partner), with support from Atishay Ajmera (Counsel) and Pragya Pugalia (Senior Associate).

The Trilegal Capital Markets Team was led by Vijay Parthasarathi (Partner) and Albin Thomas (Partner), with support from Malika Grewal (Counsel), Sheetal Kumar (Associate), Olivia De (Associate), Vansh Dhoka (Associate), and Janhavi Shah (Associate).

The Trilegal Competition Team was led by Gautam Chawla (Partner).

The Trilegal Secretarial & Compliance Team was led by Sampath Kumar (Partner).

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