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Piramal Eyes Rs 2,000 Crore via NCDs to Supercharge Lending Vision

Updated: July 21, 2025 16:52

Image Source : Moneycontrol
Piramal Enterprises Ltd (PEL), a leading diversified NBFC, has announced plans to raise up to Rs 2,000 crore via secured Non-Convertible Debentures (NCDs). The move is aimed at enhancing financial flexibility and supporting growth initiatives across its lending platforms.
 
Key Highlights:
 
- The fundraising will be executed through public issuance of secured NCDs in one or more tranches
 
- Each debenture will carry a face value of Rs 1,000
 
- The decision was approved by the Administrative Committee of the Board on December 22, 2024
 
- Funds will be used to strengthen capital structure and fuel expansion in retail and wholesale lending
 
Market Context:
 
- PEL reported a 238% year-on-year jump in net profit in Q2 FY25, signaling strong operational momentum
 
- Despite robust financials, the stock saw a 2.9% dip post-announcement, closing at Rs 1,090.25
 
- Analysts view the move as a strategic step to sustain investor confidence and long-term growth
 
Sources: Bajaj Broking, Angel One, Business Standard

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