NCD Issuance Approved: Rs 2,000 Cr Aggregate (Base Rs 500 Cr + Greenshoe Rs 1,500 Cr)
PIRAMALFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Smallcap 250 and 2.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Piramal Finance Committee approved issuance of secured, rated, listed, redeemable NCDs on private placement basis via EBP. Base size Rs 500 Cr with greenshoe up to Rs 1,500 Cr, aggregating Rs 2,000 Cr. Face value Rs 1 lakh each. Coupon 8.62 percent p.a., payable annually. Tenure 3 years 45 days. Allotment 8 Oct 2026, maturity 22 Nov 2029. Listed on BSE WDM and NSE within 3 working days. Secured by first ranking pari-passu charge on company assets.
Raises Rs 2,000 Cr via secured NCDs at 8.62 percent coupon over about 3 years. No equity dilution. Increases debt obligations.