India's Piramal Enterprises hits 1-1/2-month high on unit's retail loan rise

Piramal Enterprises

18/06/2024 10:47

** Shares of Piramal Enterprises  PIRA.NS  rise as much as 3.7% to 915.5
rupees, highest level since May 8
    ** Stock on track for ninth consecutive session of gains
    ** PIRA on Tuesday said its unit Piramal Finance had surpassed milestone of
500 billion rupees (about $6 billion) in AUM of retail loans
    ** Adds Piramal envisions growing unit's AUM to 1.5 trillion rupees by FY28
    ** Stock down 3% YTD, last up 2.3% 


($1 = 83.4277 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))