Archive · 24 Aug 2026
Piramal Finance Shares Slip After ₹1,750 Crore Preferential Issue
Piramal Finance plans to raise money by offering special securities called warrants.
The company’s board approved this plan.
Up to 82.94 lakh warrants will be issued to a promoter entity.
Each warrant can later be exchanged for one fully paid-up company share.
Each warrant will cost ₹2,110.
Of that amount, ₹2,108 is treated as a premium above the ₹2 face value of the share.
The entire issue could bring in up to ₹1,750.03 crore.
Piramal Finance shares fell after the announcement.
Piramal Finance shares slipped after its board approved a preferential issue.
The board approved issuing up to 82.94 lakh warrants to a promoter entity.
Each warrant carries the right to subscribe to one fully paid-up equity share.
The warrants will be issued at ₹2,110 each.
The issue could raise up to ₹1,750.03 crore, including a ₹2,108 premium per share.
- Who
- Piramal Finance and a promoter entity.
- What
- The board approved a preferential issue of up to 82.94 lakh warrants.
- When
- The timing was not specified in the article.
- Where
- The location was not specified in the article.
- Why
- The article states that the issue may raise up to ₹1,750.03 crore but does not specify how the funds will be used.
- Issuer
- Piramal Finance
- Issue type
- Preferential issue
- Recipient
- A promoter entity
- Maximum warrants
- 82.94 lakh
- Price per warrant
- ₹2,110
- Share face value
- ₹2
- Maximum aggregate consideration
- ₹1,750.03 crore