Piramal Enterprises has revealed its intention to sell its complete 20% stake in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for a sum of Rs 1,440 crore. The decision to sell the stake aligns with Piramal’s strategy of divesting non-core assets to enhance its financial standing. The transaction, which will be completed through a share purchase agreement, is contingent upon the receipt of necessary regulatory approvals by Shriram Ownership Trust. Shriram Investment Holdings Private Limited did not contribute to Piramal Enterprises’ revenue in the past fiscal year. In June 2023, Piramal Enterprises disposed of its entire stake in Shriram Finance through block deals, resulting in a sale of 8.34% of the company’s shares.