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Piramal Enterprises probable to give off IL&FS in all stock deal to create Rs 15000 crore company
Q: As per the plan, Piramal Enterprises Limited will carve out its financial services business and merge it with IL&FS in an all stock deal to create about Rs 15000 crore company,

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piramal enterprises ltd
ajay piramal
infrastructure leasing & financial services
il & fs
all-stock deal
Latest Answer: Right Dhiraj, Such deals will continue in both financial services and infrastructure by the company to enable better net worth in operating companies. A merger of this size will give IL&FS enough capital from Piramal for future growth.
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