Piramal Finance secures ₹2,100 crore through a qualified institutional placement (QIP) to strengthen its capital base and support retail-led growth.
Amount Raised
₹21 Billion
Round Type
Post-IPO Equity
MumbaiFinancial ServicesFinanceFintechLendingBankingInvestors
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.
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