Piramal Finance Limited has informed the Exchange about fund raising through issuance of redeemable, Non-Convertible Debenture on private placement basis

Piramal Finance Limited's board, at its meeting on 27th March 2026, approved three key decisions. First, a scheme of amalgamation merging three wholly-owned subsidiaries — Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, and DHFL Investments Limited — into the company to simplify the group structure and strengthen the balance sheet. Since all three are wholly-owned, no new shares will be issued and there will be no change in shareholding. Second, the board approved issuance of Redeemable Non-Convertible Debentures (NCDs) on a private placement basis of up to Rs. 15,000 crore between April 2026 and March 2027, in one or more tranches, to be listed on BSE/NSE. Third, Independent Director Mr. Gautam Bhailal Doshi resigned due to personal reasons. The amalgamation is subject to NCLT and other regulatory approvals.