Piramal Divest Entire Stake In Piramal Imaging SA
2018-06-26 Disinvestment Drugs & Pharmaceuticals Western India
Piramal Holdings (Suisse) SA (a wholly owned subsidiary of Piramal Enterprises Limited) has entered into a definitive agreement thereby divesting its entire stake in Piramal Imaging SA (' PISA'), its subsidiary, to Alliance Medical Acquisitionco Limited ('Alliance'). Consequent to the divestment, Piramal Imaging Limited and Piramal imaging Gmbl-1. wholly-owned subsidiaries of PISA will also become subsidiaries of Alliance and cease to be step-down subsidiaries of PEL.