India New Issue-Piramal Enterprises to issue multiple tenor bonds, bankers say

Piramal Enterprises

06/05/2025 07:57

MUMBAI, May 6 (Reuters) - India's Piramal Enterprises PIRA.NS plans to raise 6 billion rupees ($71 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in two years and three months and three years and three months, three merchant bankers said on Tuesday.

The company will pay an annual coupon of 9.12% and 9.19% respectively on the issues, for which it has invited commitment bids on Wednesday, they said.

Piramal did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on May 6:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Piramal Enterprises
2 years and 3 months
9.12%
0.5+2.5
May 7
AA (Care)
Piramal Enterprises
3 years and 3 months
9.19%
0.5+2.5
May 7
AA (Care)
Aditya Birla Capital
10 years
8.03
4
May 5
AAA (Crisil, Icra)
Summit Digitel Infrastructure
15 years
7.31 (quarterly)
14.75
May 5
AAA (Crisil, Care)
APMDC
STRPP
To be decided
20+70
May 8
AA- (Care)

*Size includes base plus greenshoe for some issues

($1 = 84.4570 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sumana Nandy)

 ((Dharamraj.dhutia@tr.com; Khushi.malhotra@tr.com))