Piramal Finance Allots ₹525 Cr NCDs via Private Placement

Piramal Finance Ltd has announced the allotment of 52,500 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, amounting to a total of ₹525 crore. The allotment was approved at a Committee of Directors meeting held on October 8, 2026, on a private placement basis. These NCDs are intended to be listed on the Wholesale Debt Market of both NSE and BSE, with NSE serving as the designated stock exchange. This move signifies the company's strategy to raise capital through debt instruments.