Piramal's Philosophy Of Buying Imperfect And Selling Perfect

Top boss of Piramal Group reflects on the acquisition of DHFL, emphasising the strategy of purchasing imperfect assets and gradually transforming them into valuable entities. " It was a very challenging situation. We made a study and realised that there is an opportunity available. Yes, there is a bad part of it, but there is also good behind. We saw the good, and wanted to value it. We were able to handle the risk, and realised that we have created value subsequently." shares Ajay Piramal in an interview with Business Today's Karishma Asoodani during the stone laying ceremony of Piramal school of leadership in Jaipur.