Piramal Finance (PIRAMALFIN) — Board Meeting

📢 Key Event
Committee approved issuance of secured NCDs on private placement basis

🔄 What Changed
Approved issuance of up to ₹2,000 crores secured NCDs with 8.57% coupon and 3-year 45-day tenure

🔮 What's Next
Listed on BSE and NSE within three working days of issue closure

💡 Investor Takeaway
The company is raising up to ₹2,000 crores through secured NCDs, which may affect liquidity and credit metrics.

Piramal Finance announced the approval by its Committee of Directors for issuing secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis, targeting a base issue size of ₹500 crores with a green shoe option up to ₹1,500 crores, aggregating up to ₹2,000 crores, each with a face value of ₹1 lakh, bearing an 8.57% coupon payable annually, maturing on 5 November 2029, and listed on BSE and NSE within three working days of issue closure.

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About Piramal Finance Ltd (PIRAMALFIN)

Financial Services · Finance · Listed on BSE

Market Cap: ₹51,145.29 Cr P/E: 30.2 ROE: 6.0% ROCE: 7.5% Div Yield: 0.49%

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

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