{
  "id": 12176456,
  "title": "Piramal Finance directors okay ₹1,750-cr preferential allotment of warrants to promoter group",
  "url": "https://urgent.news/2026/10/05/piramal-finance-directors-okay-1-750-cr-preferential-allotment-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T15:11:09.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/money-and-banking/piramal-finance-directors-okay-1750-cr-preferential-allotment-ofwarrants-topromoter-group/article71548022.ece"
  },
  "original_language": "en",
  "account": "On Monday, the Committee of Directors at Piramal Finance Ltd approved the allotment of 82.94 lakh warrants to the promoter group entity 'Nithyam Realty Pvt Ltd' on a preferential basis. The total value of the allotment is approximately ₹1,750 crore, with the consideration received on the allotment date being around ₹437.50 crore, as per the company's exchange filing. This comes after the Committee of Directors had previously approved the issuance of non-convertible debentures (NCDs) of three years and 45 days tenor on a private placement basis, aggregating ₹2,000 crore on September 28, 2026. The NCDs are secured, rated, listed, redeemable, and payable at a coupon rate of 8.62 per cent annually, with the option to retain over-subscription of up to ₹1,500 crore through a green shoe option. The allotment of the NCDs is scheduled for October 8, 2026.",
  "summary": "82.94 lakh warrants of the company will be allotted to promoter group entity Nithyam Realty",
  "key_points": [
    "Piramal Finance directors approve ₹1,750-cr warrant allotment",
    "Nithyam Realty Pvt Ltd receives 82.94 lakh warrants",
    "Allocation date: Monday"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}