Piramal Finance allots 82.94 lakh warrants to promoter group entity
PIRAMALFIN · price
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On the reaction day the stock moved 1.9 pts less than Nifty Smallcap 250 and 1.5 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.
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Piramal Finance has allotted 82,94,000 warrants to Nithyam Realty Private Limited, a promoter group entity, on a preferential basis. Total aggregate consideration stands at about Rs 175 crore, with 25 percent (around Rs 43.75 crore) received on allotment. The Board approved the move on 24 August 2026, shareholders on 19 September 2026, and stock exchanges gave in-principle approvals on 29 September 2026.
Promoter group is strengthening its stake, signalling confidence. Balance 75 percent is payable on warrant conversion later.