.

New Deal

New Deal

Announced

24 Jan 2024

Piramal Enterprises to acquire a 10.4% stake in Annapurna Finance for $73m.

Financials

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Transaction Value£57m

Consideration TypeCash, Contingent Deferred Consideration

Capital Owned-

Capital Bid For10%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Annapurna Finance

bidder

Piramal Enterprises

Sources

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Tags

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Acquisition

Pending

Friendly

Single Bidder

Minority

microfinance

Consumer Lending

India

cash loans

Private

Domestic

Synopsis

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Piramal Enterprises, a business conglomerate, agreed to acquire a 10.4% stake in Annapurna Finance, a non-banking financial company, for $73m.

Service Providers (1)

Dealmakers

legal advisors

Trilegal

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