PIRAMAL ENTERPRISES LTD. - Incorporating a Housing Finance Company as a subsidiary of the Companys wholly owned subsidiary, Piramal Finance Limited

Piramal Enterprises Ltd has informed BSE that the Companys wholly owned subsidiary, Piramal Finance Limited (PFL) is in the business of providing financial services.<BR><BR>In line with the Companys growth plans, PFL will now be making an application to the National Housing Bank (NHB) for incorporating a Housing Finance Company (HFC) as its subsidiary. This has been approved by the Companys Board of Directors at its meeting held on January 05, 2017.