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Piramal Finance Approves ’2,000 Crore NCD Issue at 8.62% Interest Rate
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CNBC TV18•28-09-2026, 19:52
Piramal Finance Approves ’2,000 Crore NCD Issue at 8.62% Interest Rate
- •Piramal Finance has approved a private placement of non-convertible debentures (NCDs) worth up to ’2,000 crore.
- •The NCD issue has a base size of ’500 crore with an option to retain additional subscriptions of up to ’1,500 crore.
- •These secured, rated, listed, and redeemable debentures will have a three-year and 45-day tenure, carrying an annual interest rate of 8.62%.
- •Allotment is scheduled for October 8, 2026, with maturity on November 22, 2029, and will be listed on BSE and NSE.
- •In case of default, an additional 2% annual interest will be payable on the defaulted amount until payment is made.
Key Questions Answered
Piramal Finance has approved a non-convertible debenture (NCD) issue worth up to ₹2,000 crore through a private placement, carrying an annual interest rate of 8.62%.
The debentures are scheduled to be allotted on October 8, 2026, and are set to mature on November 22, 2029, with a tenure of three years and 45 days.
In the event of a payment default on the due date, an additional interest of 2% per annum over the applicable coupon rate will be charged on the defaulted amount until full payment is made.
