06 Feb 2026
Deal: Trilegal advised on the reverse merger of Piramal Enterprises with Piramal Finance and Subsequent Equity Listing
10 Nov 2025
10 Nov 2025
Trilegal advised and represented Piramal Enterprises Limited and Piramal Finance Limited on the merger of Piramal Enterprises into its wholly owned debt-listed subsidiary, Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited), following its conversion from an HFC to an NBFC-ICC — marking a rare reverse merger in the Indian financial services sector. The merger has been approved by the National Company Law Tribunal, Mumbai and the equity shares of Piramal Finance have been listed on the stock exchanges.
The Trilegal Corporate Team advising on the mandate was led by Partners: Ashwyn Misra and Deep Choudhuri; and supported by Senior Associate: Shebani Bhargava; and Associates: Medha Nagpal and Gayathri Pillai.
The Trilegal Disputes Team advising on the mandate was led by Partner: Chitra Rentala; and supported by Senior Associates: Kriti Srivastava and Khyati Mehrotra; and Associate: Priyanka Vishnoi.
The Trilegal Banking and Finance Team advising on the mandate was led by Partner: Ameya Khandge; and supported by Counsel: Atishay Ajmera; and Senior Associate: Pragya Pugalia.
The Trilegal Capital Markets Team was led by Partners: Vijay Parthasarathi and Albin Thomas; and supported by Counsel: Malika Grewal; and Associates: Sheetal Kumar, Olivia De, Vansh Dhoka, and Janhavi Shah.
The Trilegal Competition Team was led by Partner: Gautam Chawla.
The Trilegal Secretarial and Compliance Team was led by Partner: Sampath Kumar.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 149 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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