Home IPO Piramal Pharma Share Price: Piramal Pharma to debut on bourses on Wednesday

Piramal Pharma Share Price: Piramal Pharma to debut on bourses on Wednesday

by Chris Williams
Piramal Pharma shares are set to debut on the bourses on Wednesday. Last Thursday, the company said it has received Sebi’s go-ahead to list its equity shares on domestic stock exchanges.

Following NCLT approval, Piramal Pharma has been demerged from

in a bid to simplify the corporate structure.

According to the notice, the security shall be listed and admitted to dealings on the exchange on the list of T Group of Securities.

As part of the demerger between the 2 companies, 4 equity shares of face value of Rs 10 each fully paid up of Piramal Pharma shall be issued and allotted for every 1 share of face value of Rs 2 held in Piramal Enterprises.

Piramal Enterprises shares ended tad lower at Rs 803.25 per share on Monday.

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