Loan & Debt28 Sept 2026, 06:20 pm
Piramal Finance Approves ₹2000 Cr NCD Issuance
AI Summary
Piramal Finance Ltd's Committee of Directors has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is Rs. 500 crore with a green shoe option to retain oversubscription up to Rs. 1500 crore, aggregating to Rs. 2000 crore. These NCDs will have a tenure of 3 years and 45 days, with an annual coupon rate of 8.62%. The debentures are proposed to be listed on the WDM of BSE and NSE. The issuance aims to raise funds for the company's operations.
Key Highlights
- Piramal Finance to issue NCDs worth up to ₹2000 crore.
- NCDs are secured, rated, listed, and redeemable.
- Coupon rate offered is 8.62% per annum.
- Tenure of the NCDs is 3 years and 45 days.
- Proposed to be listed on BSE and NSE.
Price Impact
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