Piramal Finance raises Rs 2,100 cr through QIP

Piramal Finance today announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 2,100 crore through the issuance of equity shares to Qualified Institutional Buyers (QIBs).

The QIP saw strong participation from a diverse mix of leading domestic and international institutional investors, underscoring confidence in Piramal Finance's transformation into a scaled, retail-led, granular and diversified financial services franchise.

The issue attracted strong interest from reputed domestic mutual funds, including ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, Quant Mutual Fund, Axis Mutual Fund, Motilal Oswal Mutual Fund, Tata Mutual Fund, Franklin Templeton Mutual Fund and Aditya Birla Sun Life Mutual Fund. Participation also came in from leading global investors including BlackRock, Goldman Sachs Asset Management, and Eastspring Investments.

Separately, on 24 August 2026, the Board of Directors also approved a preferential issue of warrants worth around Rs 1,750 crore to one of the promoter group entities, subject to the shareholders, statutory and regulatory approvals.

Once successfully completed, the two transactions together will entail an equity capital infusion of around Rs 3,850 crore.