India's Piramal Finance rises after co approves fund raise via NCDs

Piramal Enterprises

18/11/2025 04:14

** Shares of housing finance company Piramal Finance DWNH.M3 rise as much as 5% to a record high of 1642 rupees

** Stock last up 1% to 1578 rupees

** Company approves issuance of Non-Convertible Debentures worth 6.75 billion rupees ($76.14 million) on a private placement basis

** Co recently merged with Piramal Enterprises, whose shares were delisted on Sept 23, to mark its market debut

** Stock up 30% since listing on Nov 7

($1 = 88.6475 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))