Piramal Finance to raise up to INR 20 bln via Nov 2029 NCDs
This story was originally published at 20:21 IST on 28 September 2026
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--Piramal Finance to raise up to INR 20 bln via Nov 2029 NCDs
NEW DELHI - The board of Piramal Finance Ltd. Monday approved raising up to INR 20 billion through non-convertible debentures on a private placement basis. The instruments will mature in November 2029, and carry a coupon of 8.62% per annum.
For the June quarter, the lender had reported a consolidated net profit of INR 4.59 billion on revenue of INR 33.68 billion. On Monday, its shares ended at INR 2,149.00 on the National Stock Exchange, up 0.3% from the previous close. End
Reported by Priyasmita Dutta
Edited by Avishek Dutta
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