India New Issue-Piramal Finance to issue two-year bonds, bankers say

Piramal Enterprises

06/05/2025 09:23

MUMBAI, May 6 (Reuters) - India's Piramal Finance plans to raise 12 billion rupees ($142.24 million), including a greenshoe option of 10 billon rupees, through the sale of bonds maturing in two years, three bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Wednesday, they said.

The company did not reply to Reuters email seeking a 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 Finance
2 years
9.30%
2+10
May 7
AA (Icra)
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)
APMDC
STRPP
To be decided
20+70
May 8
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)

*Size includes base plus greenshoe for some issues

   ($1 = 84.3630 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips)

 ((Dharamraj.dhutia@tr.com))