08-Sept-2026 19:20:55

PIRAMAL FINANCE : COMMITTEE APPROVES ISSUANCE OF NCDS WORTH RS 2000 CR

• Committee of Directors approved issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures on Private Placement basis. • Base issue size of Debentures is Rs 500 cr along with green shoe option to retain over subscription of up to Rs 1500 cr, aggregating to Rs 2000 cr. • Each NCD has a face value of Rs 1,00,000. • Debentures to be listed on WDM of BSE and NSE within 3 working days from issue closing. • Tenure of instrument is 3 years and 45 days. • Coupon/interest offered is 8.57% p.a., payable annually and on redemption date.

Piramal Finance Limited

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