Piramal Finance directors okay ₹1,750-cr preferential allotment of warrants to promoter group

File picture: Piramal Finance Chairman Anand Ajay Piramal | Photo Credit: ANI

Piramal Finance Ltd’s Committee of Directors (Administration, Authorisation & Finance) on Monday approved the allotment of 82.94 lakh warrants of the company to promoter group entity ‘Nithyam Realty Pvt Ltd’ on a preferential basis, aggregating about ₹1,750 crore.

The consideration received on the allotment date was about ₹437.50 crore, according to the company’s exchange filing.

This allotment comes even as PFL’s Committee of Directors (Administration, Authorisation & Finance) had on September 28, 2026 approved the issuance of non-convertible debentures (NCDs) of three years and 45 days tenor on private placement basis aggregating ₹2,000 crore.

The issuance of the secured, rated, listed, redeemable, NCDs on a preferential basis comprises a base issue size of ₹500 crore, along with a green shoe option to retain over-subscription of up to ₹1,500 crore. The coupon rate on the NCDs, whose allotment date is October 8, is 8.62 per cent, payable annually and on redemption date.

Published on October 5, 2026