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Piramal Finance secures ₹2,100 crore through a qualified institutional placement (QIP) to strengthen its capital base and support retail-led growth.

PRIVATEAug 31, 2026•8 days ago

Amount Raised

₹21 Billion

Round Type

Venture - Series Unknown

MumbaiFinancial ServicesFinanceLendingBanking

Investors

Eastspring InvestmentsGoldman Sachs Asset ManagementBlack RockAditya Birla Sun Life Mutual FundFranklin Templeton Mutual FundTata Mutual FundMotilal Oswal Mutual FundAxis Mutual FundQuant Mutual FundKotak Mutual FundNippon India Mutual FundIcici Prudential Mutual Fund

Description

Piramal Finance has raised ₹2,100 crore via a qualified institutional placement (QIP), with participation from various domestic mutual funds and global investors. This capital infusion aims to bolster the company's capital base and facilitate its retail-driven expansion. The QIP involved the allotment of 9,952,606 equity shares at ₹2,110 each. The strong response from investors reflects their trust in Piramal Finance's growth strategy.

Company Information

Company

Piramal Finance

Location

Mumbai, Maharashtra, India

About

Piramal Finance is a subsidiary of Piramal Enterprises, operating as a Non-Banking Financial Company (NBFC). It provides a range of financing and lending products, focusing on serving customer needs through an integrated approach. The company has been reclassified under regulatory frameworks to streamline its operations and enhance service capabilities.

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