Piramal Finance Limited closes QIP, allocates 99,52,606 equity shares to QIBs
Piramal Finance · Finance
Key highlights
- Committee of Directors approved closure of the QIP on 28th August 2026 after receipt of application forms and escrow funds from eligible QIBs
- Allocation of 99,52,606 Equity Shares at Rs. 2,110 per share (including premium of Rs. 2,108) approved to eligible QIBs
- Placement document dated 28th August, 2026 approved and made available on the company website
Why it's rated notable: The QIP is closed and its allocation fixed at 99,52,606 shares at Rs. 2,110 per share, which works out to about ₹2,100 crore, but the filing states no total amount, so the level stays at medium.
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)-Qualified Institutional Placement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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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.