Piramal the King of (De)Mergers: Cat/Mārjāra is Out of the Bag!
Piramal the King of (De)Mergers: Cat/Mārjāra is Out of the Bag! Piramal the King of (De)Mergers: Cat/Mārjāra is Out of the Bag! Posted on 9th December, 2024 (GMT 09:01 hrs) ABSTRACT The blog post critiques Ajay Piramal’s business strategies, labeling him a “Chameleon King” for repeatedly using mergers, demergers, and rebranding to evade accountability. It highlights his corporate history, including acquisitions in the pharma sector and controversial actions in housing finance, such as the acquisition of DHFL during its insolvency proceedings. The post accuses Piramal of exploiting legal loopholes, obscuring past misconduct, and profiting while avoiding regulatory scrutiny. Key examples include the environmental violations in Digwal, Telangana, which was followed by the demerger of Piramal Pharma, and alleged irregularities in discounted DHFL loans benefiting entities linked to Piramal. The post criticizes his reliance on legal stays to delay unfavorable rulings, branding this...