Piramal Enterprises, the Indian company controlled by Indian billionaire Ajay Piramal, agreed to buy a 20 percent stake in financial-services company Shriram Capital Ltd. for 20.14 billion rupees ($334 million).
Indian billionaire Ajay Piramal acquired a 10 percent stake in Shriram Transport Finance Ltd., a domestic truck-financier, for 16.52 billion rupees ($303 million) to expand his financial services business.
Piramal Healthcare Ltd., controlled by Indian billionaire Ajay Piramal, agreed to buy Decision Resources Group LLC, a health-care research provider, for $635 million to tap increasing demand for drug market information.
Ajay Piramal, chairman of Piramal Healthcare Ltd., has dropped plans to sell his 85 percent stake in property fund Indiareit Fund Advisors Pvt. as he plans to invest the corpus in his real-estate business, the Economic Times reported, citing at least three people familiar with the development, which it didn’t identify.
Aratrika Rath, a copywriter in the wealthiest district of India’s financial capital, couldn’t be bothered to vote in the 2009 federal elections. As Mumbai headed to the polls today, she’ll be among those casting ballots.