Piramal Finance Approves ₹1750 Cr Warrant Issue to Promoter

Piramal Finance Ltd's Board of Directors has approved a preferential issue of up to 82,94,000 warrants to Nithyam Realty Private Limited, a promoter group entity. The issue, amounting to ₹1,750.03 crore, carries a right to subscribe to one fully paid-up equity share at ₹2,110 per warrant. The company will hold an Extra-ordinary General Meeting (EGM) on September 19, 2026, to seek shareholder approval. An investment agreement has also been executed with the subscriber.