Regulatory28 Oct 2026, 04:50 pm
Piramal Finance: CARE Ratings Monitoring Report for Q2 FY27
AI Summary
Piramal Finance Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as issued by CARE Ratings Limited. The report pertains to the utilization of proceeds from a Qualified Institutional Placement (QIP) amounting to ₹2,100 crore. CARE Ratings confirmed that there were no deviations from the stated objects of the issue. As of September 30, 2026, ₹39.79 crore remained unutilized, specifically for issue expenses. The monitoring agency's report is in line with SEBI regulations and the monitoring agency agreement.
Key Highlights
- CARE Ratings issued Monitoring Agency Report for Piramal Finance.
- Report covers utilization of ₹2,100 crore QIP proceeds.
- No deviation from issue objects confirmed by CARE Ratings.
- ₹39.79 crore unutilized for issue expenses as of Sep 30, 2026.
Price Impact
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