Piramal Finance Raises ₹2,100 Crore Through QIP, Promoters To Infuse Additional ₹1,750 Crore
Mumbai: Piramal Finance has announced plans to raise ₹3,850 crore in growth capital through a qualified institutional placement (QIP) and a separate infusion from its promoter group. The non-bank lender has raised ₹2,100 crore through the QIP, while its board has approved another ₹1,750 crore fundraise through a preferential issue of warrants to a promoter group entity. QIP Draws Strong…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
