India, Jan. 17 -- Piramal Enterprises Limited has announced that PEL DRG Dutch HoldCo BV, a 100% subsidiary of PEL and the holding company forDecision Resources Group(DRG) engaged in healthcare insights & analytics business, has signed a definitive agreement for the sale of DRG toClarivate Analytics 'a global leader in providing trusted insights and analytics, for a sale consideration of US$950 Million (includes $900 million on closing and $50 million to be received at the end of 12 months from the date of closing).

This transaction is subject to shareholder approval and is expected to be completed by end of February 2020. PEL had initially invested US$650 Million in 2012 to acquire DRG out of which $260 Mn was infused as equity. It has ...