Investment28 Aug 2026, 09:50 pm
Piramal Finance Raises ₹20,999 Cr via QIP
AI Summary
Piramal Finance Ltd has successfully completed a Qualified Institutions Placement (QIP), allotting 99,52,606 equity shares to Qualified Institutional Buyers at an issue price of ₹2,110 per share. This issuance, which opened on August 24, 2026, and closed on August 28, 2026, has raised a total of ₹20,999.99 crore. The face value of each share is ₹2, with a premium of ₹2,108 per share. Following this allotment, the company's paid-up equity share capital has increased from ₹45.34 crore to ₹47.33 crore. The QIP was approved by the Committee of Directors (Administration, Authorisation & Finance) of the Board of Directors.
Key Highlights
- Piramal Finance raised ₹20,999.99 crore through a Qualified Institutions Placement.
- 99,52,606 equity shares were allotted at ₹2,110 per share.
- The issuance was completed between August 24 and August 28, 2026.
- Company's paid-up equity share capital increased post-allotment.
- The funds were raised from Qualified Institutional Buyers.
Price Impact
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