Piramal Finance Limited has announced a major funding milestone, securing $350 million from two prominent development financial institutions. The funding comes from the International Finance Corporation (IFC) and the Asian Development Bank (ADB), marking a significant capital raise for the financial services company.

Funding Details

The secured funding represents a substantial financial boost for Piramal Finance Limited's operations and growth strategy. The partnership with these established development financial institutions demonstrates confidence in the company's business model and future prospects.

Additional Funding Discussions

Beyond the secured $350 million, Piramal Finance Limited is actively pursuing additional capital through ongoing discussions with other development financial institutions. The company is in talks to secure an additional $150 million, which would bring the total potential funding to $500 million.

Strategic Implications

The successful fundraising from established development financial institutions like IFC and ADB reflects the institutional confidence in Piramal Finance Limited's operational capabilities and market position. These partnerships with development financial institutions typically come with favorable terms and strategic support beyond just capital infusion.

The potential additional $150 million from other development financial institutions, if secured, would further strengthen the company's capital base and provide enhanced flexibility for business expansion and operational requirements.

Piramal Finance Limited has made significant progress in its fundraising efforts, securing $350 million from two major international development finance institutions as part of its comprehensive $500 million capital raising plan for FY26. The non-banking financial company announced that it has successfully obtained funding from the International Finance Corporation and the Asian Development Bank under its Sustainable Finance Framework.

Funding Structure and Sources

The $350 million funding comprises contributions from two key international institutions. The breakdown of the secured funding demonstrates strong institutional confidence in the company's growth strategy.

Sustainable Finance Framework

The funds have been raised under Piramal Finance's Sustainable Finance Framework, which is specifically designed to enable the company to expand credit access to underserved markets. This framework aligns with the development finance institutions' objectives of promoting financial inclusion and supporting economic development in emerging markets.

Remaining Fundraising Plans

Piramal Finance is actively pursuing the completion of its $500 million fundraising target for FY26. The company has confirmed that it is in advanced talks to raise the balance $150 million from select development finance institutions, indicating strong momentum in its capital raising activities.

Facility Terms and Drawdown Schedule

The secured facilities are structured as five-year arrangements that will be drawn in tranches between January and March 2026. This phased drawdown approach aligns with regulatory norms and provides the company with flexibility in managing its capital requirements. The staggered approach allows Piramal Finance to optimize the deployment of funds based on business needs and market conditions during the specified period.