Ajay Gopikrishna Piramal

Type: Person
Name: Ajay Gopikrishna Piramal
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Piramal Enterprises agrees to buy 20 per cent stake in Shriram Capital

18 Apr 2014Piramal Enterprises Ltd has informed in a press release that the company has agreed to acquire an effective 20 per cent equity stake in Shriram Capital Ltd for anaggregate consideration of Rs 2,014 crore. Shriram Capital Ltd (SCL) is the overarching ... [Published ASAPP - 15 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Piramal-Shriram Transaction: More than just a deal between Piramal and Thyagaraja

Ajay Piramal and R Thyagarajan met for the first time just 20 months ago. The Rs 2,014 crore deal they sealed last week owes itself, more than anything else, to the personal chemistry the two men struck up, reports ET.Sometime in mid-2 01 2 , Srinivas ... [Published Economic Times - 17 hours ago]
First reported Apr 23 2014 - Updated 20 hours ago - 1 reports

India Inc wants to vote for change tomorrow

As Mumbai goes to vote on Thursday, most corporate leaders say they will be voting for a change at the Centre with a government which is corruption-free, decisive and can help revive the slowing economy.“I am clear who to vote for. The issues are governance, ... [Published Business Standard India - Apr 23 2014]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Property funds sharpen focus on bigger cities

Real estate-focused private equity (PE) funds are turning their attention to bigger cities. Reason: Lack of investment opportunities in Tier-II and -III cities and higher return possibilities in large ones.According to industry estimates, since PE investments ... [Published Business Standard India - 21 hours ago]
First reported Apr 21 2014 - Updated Apr 22 2014 - 1 reports

Asia's many Warren Buffetts

It's Warren Buffett season. Even as the US media are busy talking about the Mexican costumes the 83-year-old Oracle of Omaha will wear in the annual meeting early next month, his counterparts in this part of the world are making news.Asia's Warren Buffett, ... [Published Business Standard India - Apr 21 2014]
First reported Apr 19 2014 - Updated Apr 19 2014 - 1 reports

Shriram group in step with founder's frugal lifestyle

When R Thyagarajan, 77, started a chit fund business three decades ago with two friends in Chennai, he did not expect the Shriram group would one day manage Rs 78,000 crore of investors' money and have financial powerhouses queuing up for partnership ... [Published Business Standard India - Apr 19 2014]
First reported Apr 17 2014 - Updated Apr 18 2014 - 18 reports

Piramal Enterprises to get 2 Shriram Capital board seats post tie-up

— April 18, 2014 12:06 am MUMBAI : Piramal Enterprises Ltd will get to nominate two directors to the board of Shriram Capital Ltd and the position of a key stakeholder after it buys 20% stake in the latter, Piramal Enterprises Chairman Ajay Piramal said. ... [Published The Freepress Journal - Apr 18 2014]
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

Is Ajay Piramal the Warren Buffett of India?

Ajay Piramal's strategy of acquiring cheap assets and selling at high valuations may not have impressed shareholders, but after the mega deal with Vodafone peers are quick to compare him with the Oracle of Omaha.'BMany would say it is audacious to call ... [Published rediff.com - Apr 18 2014]
First reported Apr 17 2014 - Updated Apr 18 2014 - 2 reports

Sensex jumps 352 pts; Tata Motors up 4%, HDFC Bank falls 1%

03:40 pm Market closingThe market ended on a strong note with active participation by auto, realty and metals. Recovery in IT stocks also aided the indices. The Sensex was up 351.61 points or 1.58 percent at 22628.84, and the Nifty jumped 104.10 points ... [Published Moneycontrol.com - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 2 reports

In A Dealmaking Spree, Indian Billionaire Ajay Piramal Places $333 Million Bet On Financial Services

Piramal Enterprises, controlled by pharma tycoon Ajay Piramal, announced Thursday that it will pay $333 million to buy a 20% stake in Shriram Capital, a Chennai-based financial services firm that has assets under management of $13 billion. Shriram is ... [Published Atlanta Journal And Constitution - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 20 reports

There is much hype about banking licences, says Ajay Piramal

MG ArunNew Delhi, April 17, 2014 | UPDATED 19:28 ISTA file photo of Ajay Piramal.On Thursday, Piramal Enterprises announced the acquisition of 20 per cent stake in Shriram Capital, the holding company for the financial services and insurance entities ... [Published India Today - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

I am confident the deal will create long-term value: Ajay Piramal

The RBI has not cleared Shriram's application for a banking license in this round. Will you look at applying again? ... [Published Business Standard India - Apr 17 2014]

Quotes

For Piramal and Thyagarajan, something clicked in their very first meeting. Says Piramal: "we just discussed how he grew the business, the values they hold, corporate governance." In the leadlead up, Thyagarajan had been checking on Piramal...
"there is enough opportunity for deployment within these target cities so the need to go to a sixth city does not arise for the moment. if we were to take a call on another destination for investments, it would therefore naturally need to be predicated by the hiring of a local team" said Khushru Jijina, managing director, Piramal Fund Management
..."We are happy with his conservative management style," said Piramal. "that is the need of the hour."
Ajay Piramal, chairman, Piramal Enterprises Limited said, "this investment builds our presence in financial services sector and we see long term shareholder value creation from our partnership with shriram capital."

More Content

All (152) | News (152) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Piramal Enterprises agrees to buy 20 per cent s... [Published ASAPP - 15 hours ago]
Piramal-Shriram Transaction: More than just a d... [Published Economic Times - 17 hours ago]
Property funds sharpen focus on bigger cities [Published Business Standard India - 21 hours ago]
India Inc wants to vote for change tomorrow [Published Business Standard India - Apr 23 2014]
Asia's many Warren Buffetts [Published Business Standard India - Apr 21 2014]
Shriram group in step with founder's frugal lif... [Published Business Standard India - Apr 19 2014]
Merger & Acquisition Round Up – April 14 to 18,... [Published India Infoline - Apr 19 2014]
Piramal Group to debt finance infra projects [Published Hindu Business Line - Apr 18 2014]
Piramal Enterprises to get 2 Shriram Capital bo... [Published The Freepress Journal - Apr 18 2014]
Is Ajay Piramal the Warren Buffett of India? [Published rediff.com - Apr 18 2014]
Piramal taps Shriram to boost financial service... [Published 4 Traders - Apr 18 2014]
Piramal to buy stake in Shriram Capital [Published Oman Tribune - Apr 18 2014]
4/18/2014: BUSINESS: Ajay Piramal to buy 20% st... [Published Hindustan Times - Apr 18 2014]
4/18/2014: Business: Ajay Piramal to buy 20% st... [Published Hindustan Times - Apr 18 2014]
4/18/2014: HTBUSINESS: PIRAMAL TO BUY 20% IN SH... [Published Hindustan Times - Apr 18 2014]
Piramal Acquires 20% in Shriram Capital for Rs ... [Published New Indian Express - Apr 18 2014]
Piramal stake in Shriram [Published Calcutta Telegraph - Apr 18 2014]
Piramal to buy 20% in Shriram Cap for Rs 2,014cr [Published Times of India - Apr 17 2014]
Piramal to buy 20% in Shriram Capital [Published The Statesman - Apr 17 2014]
The deal will create long-term value: Ajay Piramal [Published India Everyday - Apr 17 2014]
Mukesh Ambani's daughter Isha joins McKinsey; p... [Published Economic Times - Apr 17 2014]
Piramal-Shriram deal: Bank licence not an obses... [Published Livemint.com - Apr 17 2014]
Piramal to buy 20% stake in Shriram Cap [Published Deccan Herald - Apr 17 2014]
In A Dealmaking Spree, Indian Billionaire Ajay ... [Published Atlanta Journal And Constitution - Apr 17 2014]
Piramal to buy 20 % in Shriram Capital for Rs. ... [Published The Hindu - Apr 17 2014]
Tale of two takeover tycoons [Published Hindu Business Line - Apr 17 2014]
Piramal enlarges financial play, buys 20% in Sh... [Published Business Standard India - Apr 17 2014]
Piramal acquires 20% stake in Shriram Capital f... [Published domain-b - Apr 17 2014]
No exit clauses in Indian marriages, says Piram... [Published Business Standard India - Apr 17 2014]
There is much hype about banking licences, says... [Published India Today - Apr 17 2014]
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