Piramal Finance (PIRAMALFIN) — Board Meeting

📢 Key Event
Board committee approved closure and allocation of qualified institutional placement of 9,952,606 shares at Rs. 2,110 per share.

🔄 What Changed
Allocation of 9,952,606 shares at Rs. 2,110 per share finalized; placement document confirmed.

💡 Investor Takeaway
The capital raise finalizes funding plans but may dilute existing shareholders' stakes.

Piramal Finance Limited announced the closure and allocation of its qualified institutional placement of 9,952,606 equity shares at Rs. 2,110 per share, including a premium of Rs. 2,108, finalizing the placement document and allocation to eligible QIBs following board committee approval on August 28, 2026.

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About Piramal Finance Ltd (PIRAMALFIN)

Financial Services · Finance · Listed on BSE

Market Cap: ₹51,965.86 Cr P/E: 30.7 ROE: 6.0% ROCE: 7.5% Div Yield: 0.48%

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🔥 Also filed on 28 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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