Piramal Finance raises ₹2,100 cr via QIP; total fundraise at ₹3,850 cr
Summary
Piramal Finance raised ₹2,100 crore through a qualified institutional placement from domestic and global investors. The company also secured board approval for a proposed ₹1,750 crore warrant issue to a promoter group entity, pending approvals. Together, these transactions could bring its total equity infusion to about ₹3,850 crore. Piramal Finance said the capital will support growth in retail and wholesale lending while strengthening its capital base and risk profile. The company is expanding its technology-driven lending business across affordable housing, small business, gold, personal, and other retail loan products.
Funding
Amount
$253.0M
Total raised
Date
August 28, 2026
Announcement date
Investors
Eastspring Investments, Goldman Sachs Asset Management, Aditya Birla Capital, Tata Mutual Fund, ICICI Prudential Mutual Fund
Lead investors
Company
piramalfinance.com
Funded company
AskAI Classifications
Sectors
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Functions
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