Piramal Finance approves ₹1,750.03 crore warrants issue to Nithyam Realty
Piramal Finance · Finance
Key highlights
- Board on 24th August 2026 approved up to 82,94,000 warrants at ₹2,110 per warrant to Nithyam Realty Private Limited, aggregating up to ₹1750.03 crore, by preferential issue.
- Each warrant carries a right to subscribe to 1 equity share of face value ₹2; tenor is 18 months from allotment, 25% payable at subscription and 75% on exercise.
- Nithyam Realty is a Promoter Group entity; issue needs shareholder approval at an EGM on 19th September, 2026 and exchange approvals; unconverted warrants lapse and amount paid is forfeited.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Preferential Issue
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Piramal Finance
- Financial resultsMajor developmentPiramal Finance approves unaudited Q2 and half-year results to September 30, 2026
- Fundraise / allotmentMajor developmentPiramal Finance Q2 standalone profit Rs. 529.21 crores vs Rs. 277.67 crores a year ago
- Fundraise / allotmentNotablePiramal Finance allots 82,94,000 warrants to promoter group firm Nithyam Realty
- Credit ratingNotablePiramal Finance Limited upgraded by Moody's from Ba3 to Ba2 on Sep 11, 2026
- Fundraise / allotmentNotablePiramal Finance Limited approves issuance of secured NCDs on private placement
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.