Brief: Piramal Enterprises Says As Of Nov 30 Investments By PEL And Piramal Capital & Housing Finance In AIF Units Was 38.17 Billion Rupees

Piramal Enterprises

21/12/2023 03:30

Dec 21 (Reuters) - Piramal Enterprises Ltd  PIRA.NS :
    * AS OF NOV 30 INVESTMENTS BY PEL AND PIRAMAL CAPITAL &
HOUSING
FINANCE IN AIF UNITS WAS 38.17 BILLION RUPEES
    * REMAIN CONFIDENT OF FULL RECOVERY OF UNDERLYING DOWNSTREAM
INVESTMENTS IN IMPACTED AIF UNITS
    * PEL HAS CONSOLIDATED NET WORTH OF 287.1 BILLION RUPEES AT
SEPT
END AND A CAPITAL ADEQUACY OF 31%
    * OUT OF INVESTMENTS IN AIF 6.53 BILLION RUPEES FUNDS HAVE
NO
EXPOSURE TO ANY DEBTOR COMPANIES OF PEL
    * OF REMAINING 31.64 BILLION RUPEES,17.37 BILLION RUPEES
DOWNSTREAM INVESTMENTS MADE BY AIF INTO 3 ENTITIES THAT ARE OR
WERE DEBTOR COS OF PEL
    * PEL INTENDS TO ADJUST 31.64 BILLION RUPEES IN CO'S
FINANCIAL
STATEMENTS THROUGH CAPITAL FUNDS OR PROVISIONS

Source text for Eikon:  ID:nBSEbc3ZVN 
Further company coverage:  PIRA.NS 

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