New Delhi, August 31: Leading Non-Banking Financial Company (NBFC) Piramal Finance Limited has announced a capital raise of ₹3,850 crore through a preferential warrant issue and QIP as it looks to strengthen its balance sheet and capital base for expanding its retail and small business lending operations.
The company will be allotting 99,52,606 shares to leading institutional investors who participated in its Qualified Institutions Placement (QIP) between August 24 and 28, 2026. The issue price was at ₹2,110 per equity share of face value ₹2. With this the company’s paid up share capital increases from ₹45.34 crore to ₹47.33 crore.
Leading mutual funds like ICICI Prudential, Nippon India, Kotak, Quant, Axis, Motilal Oswal, Tata, Franklin Templeton, and Aditya Birla Sun Life joined global investors BlackRock, Goldman Sachs Asset Management, and Eastspring Investments to invest in the QIP.
Besides this, the board has approved a preferential issue of up to 82.94 lakh warrants worth ₹1,750.03 crore to promoter group Nithyam Realty Limited at ₹2,110 per warrant. The subscriber will be paying 25% of the total issue price upfront, while the rest will be payable on conversion into equity shares within 18 months.
“We are deeply humbled by the strong response from the investor community and grateful for the trust they have placed in Piramal Finance. This capital raise marks an important milestone in our journey as we continue to build a diversified, retailled and technology-driven financial services institution. Over the past few years, we have expanded our reach across Bharat, broadened our product offerings, and embedded technology and AI into the way we serve customers, make decisions and manage risk. Most importantly, we have had the privilege of serving over 6 million customers and enabling more than 2.5 million high-impact loans across affordable housing, small businesses and underserved communities. This milestone reflects the hard work and commitment of our teams across the organisation. It also places a greater responsibility on us to deliver with consistency, prudence and purpose. As we move forward, our focus will remain on creating long-term value for all stakeholders while enabling many more customers and communities to participate in India’s growth story.” Anand Piramal, Chairman, Piramal Finance Limited, said in a press release.
