Piramal Finance

Piramal Finance's board on 16 July 2026 approved the raising of funds up to Rs. 4,000 crore. The company may issue equity shares, convertible securities, or other instruments through qualified institutions placement, preferential allotment, private placement, rights issue, or any combination thereof, subject to regulatory and shareholder approvals. The board also cleared the unaudited financial results for the quarter ended June 2026 and authorized a postal ballot to seek shareholders' nod for the fundraising. The capital raise, if fully executed, would be among the larger equity raisings by an NBFC in recent years.

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July 16 (Reuters) - Piramal Finance Ltd PIRL.NS:

• PIRAMAL FINANCE - APPROVES FUND RAISING UP TO 40 BILLION RUPEES

• PIRAMAL FINANCE LTD JUNE-QUARTER NET PROFIT 4.39 BILLION RUPEES

• PIRAMAL FINANCE LTD JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 34.09 BILLION RUPEES

Source text: ID:nBSE2WmM4f

Further company coverage: PIRL.NS

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Piramal Finance's board will meet on 16 July 2026 to approve the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 and to consider a proposal for raising funds. The company stated that the board would evaluate qualified institutions placement, rights issue, preferential allotment, private placement or any combination thereof, subject to market conditions and regulatory approvals. A shareholders' meeting via postal ballot would also be sought for the fund raising. The trading window for designated persons remains closed.

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** Shares of India's Piramal Finance PIRL.NS advance 9.47% to 2,018.3 rupees

** Housing finance co posts Q4 net profit of 5.01 billion rupees ($53.04 million) vs 1.02 billion rupees a year earlier

** Nomura ("buy"; TP: 2,150) expects improved profitability with return on assets of ~3.1% by FY29 as cost savings could help offset the impact of near-term branch expansion

** Jefferies ("hold"; TP: 1,940) raises FY27–28 earnings estimates by up to 4% on better margins, expects co to post profit of 21 billion rupees in FY27, 30 billion rupees in FY28

** PIRL rated "buy"; median TP 2000 rupees - data compiled by LSEG

** YTD stock up 12.18%

($1 = 94.4600 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

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Corrects syntax in headline

March 27 (Reuters) - Indian non-bank lender Piramal Finance PIRL.NS said on Friday it would raise up to 150 billion rupees ($1.58 billion) through an issue of non-convertible debentures.

• Piramal Finance will issue the debentures from April 1, 2026 to March 31, 2027 in one or more tranches.

• The company proposes to list the debentures on either the BSE or the National Stock Exchange of India, or both bourses.

• Piramal Finance did not disclose further details, including the tenure and interest rate.

($1 = 94.7060 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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March 20 (Reuters) - Piramal Finance Ltd DWNH.M3:

• TO CONSIDER FUND RAISING VIA NON-CONVERTIBLE DEBENTURES ON MARCH 27, 2026

Source text: ID:nBSE38n6tR

Further company coverage: DWNH.M3

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