Mumbai: Pharma major Piramal Healthcare will be renamed as Piramal Enterprises following its recent entry into diversified business activities. The rechristening comes four years after Nicholas Piramal became Piramal Healthcare. "To appropriately reflect the company`s changed business profile, it is proposed that the name of the company be changed to Piramal Enterprises Ltd," Piramal Healthcare Chairman Ajay Piramal told shareholders at the annual general meeting here today. After selling its domestic formulation business to Abbott for Rs 17,600 crore in 2010, the company has invested into pharma, telecom and information management and financial services sectors.
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