1 week ago
Piramal Finance Announces ₹2,100 Crore QIP Fund Raise
Piramal Finance wants to collect money from large investors by selling them shares.
This fund-raising plan could bring in up to ₹2,100 crore.
The company said the issue would open on 24 August 2026.
It set a minimum QIP price of ₹2,102.65 per share.
The money may help the company lend more and maintain required financial reserves.
The board also approved special warrants for Nithyam Realty, a promoter of the company.
Nithyam Realty must pay 25% when subscribing and the remaining 75% if it turns the warrants into shares.
The warrants will last for 18 months, and unused warrants will expire with the initial payment forfeited.
Piramal Finance plans to raise up to ₹2,100 crore through a qualified institutions placement.
The company said its board authorised the QIP’s opening on 24 August 2026.
The QIP floor price was approved at ₹2,102.65 per share.
Funds are intended for lending capital requirements and maintaining capital adequacy ratios, among other purposes.
The board also approved up to 82.94 lakh warrants for promoter Nithyam Realty at ₹2,110 each, aggregating to ₹1,750.03 crore.
- Who
- Piramal Finance and Nithyam Realty Private Limited.
- What
- Piramal Finance is raising up to ₹2,100 crore through a QIP and has approved a separate warrant issue worth ₹1,750.03 crore.
- Where
- The transactions were disclosed in a company filing to the stock exchanges; the articles identify Piramal Finance as an Indian NBFC.
- When
- The QIP’s relevant date and opening were set for 24 August 2026; the warrants will have an 18-month tenor from allotment.
- Why
- The QIP proceeds are intended to support lending capital requirements and capital adequacy ratios, among other purposes.
Key facts
- QIP size
- Up to ₹2,100 crore
- QIP floor price
- ₹2,102.65 per share
- Relevant date
- 24 August 2026
- Warrant subscriber
- Nithyam Realty Private Limited, a promoter of Piramal Finance
- Warrants approved
- Up to 82,94,000 warrants
- Warrant issue price
- ₹2,110 per warrant, aggregating to ₹1,750.03 crore
- Warrant payment terms
- 25% at subscription and 75% upon exercise into equity shares
- Warrant tenor
- 18 months from allotment; unconverted warrants lapse and the paid amount is forfeited
Quotes
Piramal Finance
The company issuing the exchange filing about the QIP
“We wish to inform you that the committee has fixed the ‘relevant date’ for the purpose of the issue as 24 August, 2026, and the floor price in respect of the issue is ₹2,102.65 per share.”
livemint.com
Sources
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