Piramal Enterprises Limited (BSE:500302) will sell its healthcare insights and analytics firm to Clarivate Analytics Plc (NYSE:CCC) for $950 million. This includes $900 million on closing and $50 million to be received at the end of 12 months from the date of closing. PEL had initially invested $650 million in 2012 to acquire the analytics company, called Decision Resources Group (DRG), out of which $260 million was infused as equity.

Piramal has been operating DRG Dutch HoldCo BV, the holding company for DRG, as its wholly-owned subsidiary since then. The sale is subject to shareholder approval and is expected to be completed by February-end. Ajay Piramal, Chairman, Piramal Group, said: “Along with the ongoing equity capital raise in PEL, this transaction not only further strengthens the company's balance sheet but also marks another step towards significantly unlocking value”.