Piramal Healthcare

Dear Dhawanil sir,

Thanks for your valuable inputs to this thread and to the forum. I have been invested in Piramal for few years and I use a rough back of envelope valuation. Very glad to know it is in lines of senior investors like your’s.

Query – I am backing out investments (non Shriram) to arrive at true business value and comparing it against standalone valuation that includes NBFC book.

Are these investments different (via Piramal Realty) or they are part of NBFC books leading to double counting.

Will appreciate if you could share your views. Thanks for your time.

Regards,
Sai