24-Aug-2026 10:43:17

PIRAMAL FINANCE RAISED RS 1,750.03 CR FUNDS FROM QIB @ ₹2,110/SHARE

• Approved issuance of up to 82,94,000 warrants, each carrying a right to subscribe to one equity share at an issue price of ₹2,110 per warrant. • Cash consideration aggregated up to ₹1,750.03 crore, by way of preferential issue on a private placement basis to Nithyam Realty Private Limited, a promoter group entity. • The issue price of ₹2,110 per warrant includes a premium of ₹2,108 per equity share. • The company has also approved entering into an investment agreement with the subscriber. • Impact: Positive (Strategic preferential issue to a promoter group entity to raise capital)

Piramal Finance Limited

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