Piramal Enterprises Limited (BSE:500302) will sell its entire stake of 20% in Shriram Investment Holdings Private Limited (Shriram Investment Holdings Limited) to Shriram Ownership Trust for INR 14.40 billion, with the transaction expected to be completed by the end of this financial year. ?This transaction is aligned with our focus on monetizing non-core assets. The proceeds from the transaction will further strengthen our balance sheet,?

Piramal Enterprises informed exchanges in a January 27 filing. The transaction, which will be conducted through a share purchase agreement, is subject to the receipt of requisite regulatory approvals by Shriram Ownership Trust, Piramal Enterprises said.