Piramal Finance Secures USD 148 Million From Piramal Imaging SA Divestment
Piramal Finance Limited has successfully received USD 148.099 million as deferred consideration from the divestment of Piramal Imaging SA to Alliance Medical Acquisitionco Limited. The transaction, originally announced in 2018, allows for additional future payments from eligible profits, with total consideration capped at USD 200 million.
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Piramal Finance Limited has received USD 148.099 million as deferred consideration from the divestment of Piramal Imaging SA, marking a significant milestone in the completion of a transaction that was initially announced in 2018. The payment was received on 10th March, 2026, through the company's subsidiary as part of the ongoing settlement from the sale of the step-down subsidiary to Alliance Medical Acquisitionco Limited.
Transaction Background
The divestment transaction was originally communicated to stock exchanges through intimations dated 26th June, 2018 and 13th January, 2025. At the time of the original transaction, Piramal Enterprises Limited, which has since merged with Piramal Finance Limited, had divested Piramal Imaging SA with provisions for deferred consideration contingent upon future profits.
Financial Details
| Parameter: | Details |
|---|---|
| Amount Received: | USD 148.099 million |
| Receipt Date: | 10th March, 2026 |
| Maximum Total Consideration: | USD 200 million |
| Remaining Potential: | USD 51.901 million |
The company has indicated that it may receive additional amounts in subsequent years from eligible profits and future earnouts relating to the Imaging Group. However, the total consideration is capped at USD 200 million, which includes the USD 148.099 million already received.
Strategic Impact
Piramal Finance Limited has stated that it will use the proceeds to further strengthen its balance sheet. This influx of capital provides the company with additional financial flexibility and supports its ongoing business operations and growth initiatives.
Corporate Structure
The communication was signed by Bipin Singh, Company Secretary of Piramal Finance Limited, formerly known as Piramal Capital & Housing Finance Limited. The company's registered office is located at Kurla (West), Mumbai, and it operates under CIN: L64910MH1984PLC032639.
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