In a rare and heartfelt moment that captivated Mumbai's corporate world, Anand Piramal publicly expressed his deep admiration for his mother-in-law, Nita Ambani, during the landmark listing ceremony of Piramal Finance. The event, held at the National Stock Exchange (NSE) on Friday, November 7, was marked by this genuine display of affection, cutting through the formal business atmosphere.
A Candid Tribute Steals the Show
During his address, Anand Piramal, the Chairman of Piramal Finance, took a moment to personally acknowledge Nita Ambani, the Founder and Chairperson of Reliance Foundation. He revealed a touching anecdote, stating that she was "very special" to him. He shared how she had stayed up the previous night, anxious about being on time for his event despite her packed schedule with other important commitments. This candid admission resonated deeply with the audience, evoking warm applause and highlighting the mutual respect between two of India's most prominent business families, the Ambanis and the Piramals.
Family Support at a Corporate Milestone
The significance of the event was underscored by the presence of key members from both families, who came together to show their support. The guest list was a who's who of business royalty, including Shloka Mehta and Radhika Merchant. Nita Ambani graced the occasion in an elegant floral saree, while Shloka Mehta opted for a modern ethnic outfit. Radhika Merchant complemented the gathering with her simple, cream-colored suit. Anand Piramal was also supported by his wife, Isha Ambani, an Executive Director at Reliance Retail Ventures Limited, and their young twins, Aadiya and Krishna.
Piramal Finance's Major Market Entry
Beyond the emotional moments, the ceremony marked a crucial corporate development. The event celebrated Piramal Finance's official entry into the NSE. This listing follows the successful amalgamation of Piramal Finance with its parent entity, Piramal Enterprises Ltd. The merger received formal approval from the National Company Law Tribunal on September 10. This strategic move is set to bolster the Piramal Group's financial services business significantly and will contribute to expanding its in-house book of advances, marking a new chapter for the conglomerate.
