DHFL Scam and the Piramal Empire: Chaosophies of the Share Market
DHFL Scam and the Piramal Empire: Chaosophies of the Share Market Posted on 19th November, 2025 (GMT 03:15 hrs) Composed and Compiled by Occupy Dalal Street⤡ ABSTRACT This analysis examines the Piramal Group’s post-DHFL restructuring across Finance, Pharma, and Realty, situating it alongside the DHFL insolvency to reveal a systemic logic of corporate immunity in India. Through demergers, reverse mergers, and strategic rebrandings, the group consolidated promoter control, quarantined legacy risks, and leveraged regulatory timing while dispersing accountability. Piramal Finance Ltd.’s premium listing, despite DHFL-linked liabilities and opaque asset valuations, exemplifies how market narratives, algorithmic momentum, and legal finality privilege investor perception over depositor justice. Piramal Pharma’s operational stress contrasts with narrative-driven valuation, highlighting structural fragility masked by forward-looking communications. The study demonstrates that re...