Mumbai, Sept. 21 -- Piramal Enterprises Limited (PEL) has successfully completed its merger with Piramal Finance Limited (PFL), formerly known as Piramal Capital & Housing Finance Limited. The merger marks the creation of a stronger and more integrated financial services company under the Piramal brand.

As part of the merger process, September 23 has been fixed as the record date for the allotment of shares. From this date, trading in PEL securities will cease. Shareholders of PEL, whose names appear in the register on the record date, will receive equity shares of Piramal Finance in a 1:1 ratio.

"For the benefit of our investors, we wish to reiterate that from the record date, the securities of PEL will stop trading. Shareholders of PE...