Piramal Finance raises ₹1,100 crore through NCD issuance
Piramal Finance raised ₹1,100 crore by allotting 1,10,000 secured NCDs through private placement. The company reported a net profit of ₹461 crore for Q1 FY27, reflecting a 67% YoY growth. An investor meeting is set for September 28, 2026.
after close1 source ↓written by the desknot a recommendation
- to raise
- 1,10,000 secured NCDs
- via private placement
- ₹1,100 crore
- Q1 FY27 reached
- ₹461 crore
- marking
- 67% YoY growth
Piramal Finance has successfully allotted 1,10,000 secured NCDs to raise ₹1,100 crore via private placement. This issuance follows a substantial capital raise in August 2026. An investor meeting is scheduled for September 28, 2026, to enhance institutional engagement. 📈
- Net Profit for Q1 FY27 reached ₹461 crore, marking a 67% YoY growth. This strategic move strengthens the company's financial position and may attract further institutional interest.
Not investment advice. For informational purposes only.