Indian non-bank lender Piramal Finance plan to raise $1.58 billion through debt issue
27/03/2026 10:10
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) ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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