Piramal Finance allots Rs 525 crore NCDs via private placement
PIRAMALFIN · price
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On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 0.4 pts more 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 52,500 secured, rated, listed, redeemable Non-Convertible Debentures worth Rs 525 crore on a private placement basis. Each NCD has a face value of Rs 1 lakh. The allotment was approved by the Committee of Directors on 8th October 2026. These NCDs will be listed on the Wholesale Debt Market segment of NSE and BSE, with NSE as the designated stock exchange.
Rs 525 crore raised through NCD private placement to bolster funding. No equity dilution for shareholders.