Piramal Finance approves Rs 2,000 cr NCD issuance at 8.57 percent coupon

Fund Raising View source PDF Explain this filing

PIRAMALFIN · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹2300.00

prior close

₹2319.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.5%+1.1% vs market

Non Banking Financial Company (NBFC) peers, median of 218sector+0.0%+0.5% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 0.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

+0.5-0.5+1.1+0.0+0.5

Next day

-0.3-0.5+0.2-0.2-0.0

-1.9-1.0-0.9-0.3-1.6

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15d

-11.9-5.1-6.8-2.6-9.3

-14.4-5.1-9.2-3.6-10.8

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UpDownMarket · Nifty Smallcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 218Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Piramal Finance committee approved issuance of secured, rated, listed, redeemable NCDs on private placement basis. Base issue Rs 500 crores with green shoe option up to Rs 1,500 crores, aggregating Rs 2,000 crores. Face value Rs 1 lakh each. Tenure 3 years 45 days, allotment 21 Sept 2026, maturity 5 Nov 2029. Coupon 8.57 percent annually. Secured by first ranking pari-passu charge on company assets. To be listed on BSE and NSE WDM.

Likely market impact

Rs 2,000 cr NCD raise boosts funding capacity. 8.57 percent coupon is market-aligned. Pari-passu charge may marginally dilute existing secured debenture holders.