Piramal Finance Closes QIP, Approves Placement Document

Piramal Finance Ltd has announced the closure of its Qualified Institutions Placement (QIP) issue on August 28, 2026. The Committee of Directors approved the allocation of 99,52,606 equity shares at an issue price of ₹2,110 per share. This includes a premium of ₹2,108 per share, determined as per SEBI ICDR Regulations. The company also approved and adopted the placement document dated August 28, 2026, and finalized the confirmation of allocation notes to be sent to eligible QIBs. The placement aims to raise capital under SEBI regulations and the Companies Act, 2013.