Piramal Finance allots 1.10 lakh NCDs worth Rs 1,100 crore via private placement
PIRAMALFIN · price
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Piramal Finance Limited has allotted 1,10,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of Rs 1,00,000, totaling Rs 1,100 crore. The allotment was approved at the Committee of Directors meeting on 21st September 2026. These NCDs will be listed on the Wholesale Debt Market of NSE and BSE.
Raises Rs 1,100 crore via NCD private placement; expands debt base with no equity dilution for shareholders.