Piramal Capital & Housing Finance raises Rs 4,050 crore through NCDs

The company has raised over Rs 50,000 cr ore since Apr-2019, through several equity transactions leading to inflows of over Rs 18,000 cr

Piramal Capital & Housing Finance,  a wholly-owned subsidiary of Piramal Enterprises Limited (PEL), on Monday said it raised Rs 4,050 crore through issuance of long-term, five-year non-convertible debentures (NCDs) in two tranches.

The first tranche of the NCD issue amounting to Rs 2,000 crore opened on March 10, 2021 with a pay-in on March 12, 2021. The second tranche of the remaining Rs 2,050 crore opened on March 18, 2021 with a pay-in on March 19, 2021. Rating firm CARE Ratings has assigned an ‘AA’ rating for both the issuances, it said

Rajesh Laddha, executive director, Piramal Enterprises. said, “Since