Piramal Finance has raised Rs 2,100 crore through the issuance of equity shares to Qualified Institutional Buyers (QIBs). The Qualified Institutions Placement (QIP) saw strong participation from a diverse mix of leading domestic and international institutional investors, underscoring confidence in the company's transformation into a scaled, retail-led, granular and diversified financial services franchise. Under the QIP, 99,52,606 equity shares of the company were allotted at Rs 2,110 per share.
Separately, the Board of Directors of the company, on August 24, 2026, also approved a preferential issue of warrants worth around Rs 1,750 crore to one of the promoter group entities, subject to the shareholders, statutory and regulatory approvals. Once successfully completed, the two transactions together will entail an equity capital infusion of around Rs 3,850 crore.
The capital raise will further strengthen the company’s balance sheet and capital base, providing greater flexibility to pursue disciplined growth through diversified retail and granular wholesale lending while maintaining a strong capital buffer and prudent risk profile.
Piramal Finance is a non-banking financial company regulated by the Reserve Bank of India. The company provides retail and wholesale financial services including home loans, loan against property, MSME loans, used-vehicle financing, and corporate lending.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 537.60 |
| Piramal Finance | 2292.50 |
| Housing & Urban Dev. | 181.40 |
| Bajaj Housing Fin. | 84.00 |
| PNB Housing Finance | 1138.20 |
| View more.. | |
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