Piramal Enterprises Limited (BSE:500302) is also looking to finalise a demerger plan and eventual listing of its financial services and pharma businesses. The acquisition of Dewan Housing Finance Corporation Ltd. (DHFL) as well as raising strategic growth capital for the pharma business are steps towards this eventual plan. “Post the completion of DHFL acquisition, we will be better positioned to finalise the demerging plan for the two large listed entities in Financial Services and Pharma sectors. I am confident that these businesses will emerge as two strong companies, which will have a good runway for growth in the long term,” Ajay Piramal, Chairman, PEL said in his message to shareholders in the Annual Report 2020-21. Piramal also said the company is relatively optimistic for 2021-22 and is in a stronger position to tap organic and inorganic growth opportunities across both the sectors we operate in.