"The proposed demerger of Piramal Enterprises Ltd.'s health care business is expected to be complete by December as billionaire Ajay Piramal seeks to simplify his conglomerate's corporate structure and unlock value for shareholders."
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"The deal could help investors in the group, including billionaire Ajay Piramal and private equity firm TPG Capital, to cash out, Bloomberg News reported last month citing people familiar with the matter. "
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"A deal could help investors in Shriram Capital, including billionaire Ajay Piramal and private equity firm TPG Capital, to cash out."
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"In February 2020, when the Piramal Group submitted an expression of interest to buy insolvent Dewan Housing Finance Corp.'s assets, Chairman Ajay Piramal may not have imagined the long wait they were in for."
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"Then on Dec. 21, Ajay Piramal wrote to the financial creditors informing them that the bid submitted by his group held the most amount of value for the creditors, Economic Times reported. "
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