Latest news about Piramal Finance
Jefferies Maintains Hold Rating on Piramal Finance with ₹1,940 Target Price
Piramal Finance
1,985.90
+36.70(+1.88%)
Company Performance:
View Company Insights1D+1.88%
1M+6.60%
6M+24.43%
1Y+50.11%
5Y+50.11%
More news about Piramal Finance
28Apr 26
Nomura Issues Buy Rating on Piramal Finance with ₹2,150 Target Price on Turnaround Prospects
Nomura has issued a Buy rating on Piramal Finance with a ₹2,150 target price, emphasizing strong turnaround potential driven by 25% FY27 loan growth guidance and improving ROAUM metrics expected to reach 2.5% by FY27E and exceed 3% by FY28E. The recommendation is supported by multiple margin expansion opportunities including unsecured loans, gold loans, and lower cost of funds, along with ongoing legacy book clean-up efforts that are expected to drive re-rating despite the current ~1.4x valuation.
27Apr 26
Piramal Finance Proposes Final Dividend of ₹11 Per Share
Piramal Finance has proposed a final dividend of ₹11 per share for its shareholders. This corporate action, subject to shareholder approval, demonstrates the company's commitment to value distribution. The dividend will be paid to eligible shareholders as per the terms and schedule to be announced.
27Apr 26
Piramal Finance Q4: Revenue Grows 21% to ₹34B Despite ₹8.2B Loss
Piramal Finance delivered contrasting Q4 performance with strong 21% revenue growth to ₹34 billion demonstrating operational strength, while reporting significant ₹8.2 billion loss before tax due to ₹13.3 billion exceptional charges, marking a swing from previous year's ₹1.16 billion profit.
18Apr 26
Piramal Finance Files NCLT Application for Three-Entity Merger
Piramal Finance has filed an NCLT application to merge three entities: Piramal Corporate Tower, Piramal Agastya Offices, and DHFL Investments. This corporate restructuring initiative seeks to consolidate operations under a streamlined organizational structure, pending regulatory approval from the National Company Law Tribunal.
30Mar 26
Piramal Finance Completes Sale of Shriram Life Insurance Stake for ₹600 Crores
Piramal Finance Limited has successfully completed the divestment of its complete equity stake in Shriram Life Insurance Company Limited for ₹600 crores to Sanlam Emerging Markets (Mauritius) Limited. The transaction, initially announced in December 2025, was completed on 30 March 2026 after receiving all requisite regulatory clearances, strengthening the company's capital position for future growth initiatives.
28Mar 26
Piramal Finance Board Approves Rs. 15,000 Cr NCD Issuance & Subsidiary Merger
Piramal Finance announced major corporate developments including board approval for Rs. 15,000 crore NCD issuance during April 2026-March 2027 and amalgamation scheme with three subsidiaries worth over Rs. 1,07,000 crore in combined assets. Independent Director Gautam Doshi resigned from his position and multiple committee roles citing personal reasons.
27Mar 26
Piramal Finance receives tax assessment order allowing Rs. 10,110 crore loss for AY 2024-25
Piramal Finance Limited received a tax assessment order for AY 2024-25 allowing a tax loss of Rs. 10,110 crore related to FY 2023-24 income return. The company's case was selected for Computer-Assisted Scrutiny Selection, and the order was received on March 25, 2026. With this development, the company's cumulative assessed tax losses now stand at approximately Rs. 24,600 crore. The disclosure was made to stock exchanges under SEBI Listing Regulations as a matter of abundant caution.
24Mar 26
Moody's Upgrades Piramal Finance Outlook to Positive, Affirms Ba3 Rating
Moody's Ratings has upgraded Piramal Finance Limited's outlook to positive from stable while maintaining Ba3 ratings across all categories. The upgrade reflects significant improvements in financial performance, with return on assets rising to 1.40% from 0.60%, stable asset quality with stage 3 loans at 2.50%, and strong capitalization ratios. The company's strategic focus on retail and mid-market segments while reducing legacy real estate exposures supports the positive outlook.
20Mar 26
Piramal Finance Limited Schedules Board Meeting for March 27, 2026 to Consider NCD Issuance
Piramal Finance Limited has announced a Board of Directors meeting scheduled for March 27, 2026, to consider fund raising through Non-Convertible Debentures on private placement basis. The meeting complies with SEBI Listing Regulations 29 and 50, with the company formally notifying BSE and NSE on March 20, 2026. The company, formerly Piramal Capital & Housing Finance Limited, trades on BSE (544597) and NSE (PIRAMALFIN).
16Mar 26
ICRA Upgrades Piramal Finance Credit Rating to [ICRA]AA+ (Stable)
ICRA Limited has upgraded Piramal Finance Limited's long-term credit rating to [ICRA]AA+ (Stable) from [ICRA]AA (Stable) across instruments worth Rs. 43,508.78 crore, including NCDs, retail NCDs, subordinated bonds, and bank facilities. The agency also reaffirmed the short-term rating at [ICRA]A1+. This upgrade reflects the company's strong business, financial, and risk profile as an Upper Layer NBFC, following similar positive rating actions by CRISIL, S&P Global, and CARE Ratings Limited.
11Mar 26
Piramal Finance Secures USD 148 Million From Piramal Imaging SA Divestment
Piramal Finance Limited has successfully received USD 148.099 million as deferred consideration from the divestment of Piramal Imaging SA to Alliance Medical Acquisitionco Limited. The transaction, originally announced in 2018, allows for additional future payments from eligible profits, with total consideration capped at USD 200 million.
04Mar 26
Piramal Finance Files Official Clarification Denying IIFL MFI Deal Reports
Piramal Finance Limited has filed an official clarification with stock exchanges BSE and NSE, categorically denying reports about exploratory talks with IIFL for a microfinance deal. The company's formal response, signed by Company Secretary Bipin Singh on March 4th, 2026, addresses exchange queries following Moneycontrol news reports and reaffirms the company's commitment to proper regulatory disclosures under SEBI guidelines.
26Feb 26
CARE Ratings Upgrades Piramal Finance's Credit Rating to 'AA+; Stable'
CARE Ratings has upgraded Piramal Finance Limited's credit rating to 'CARE AA+; Stable' from 'CARE AA; Stable', marking the second domestic AA+ rating after CRISIL. The upgrade covers facilities worth ₹28,500 crore and reflects the company's successful retail-led transformation, with total AUM exceeding ₹96,000 crore and retail loans projected to account for 85% of portfolio.
17Feb 26
Piramal Finance Limited Receives Exchange Approval for Modified Non-Convertible Debentures ISINs
Piramal Finance Limited received listing approval from BSE and NSE for new ISINs following Non-Convertible Debentures coupon rate modifications. The changes increased rates from 9.27% to 9.52% for 2028 debentures and from 9.5109% to 9.7609% for 2029 debentures. Old ISINs have been suspended while new ISINs INE202B07JY0 and INE202B07JX2 are now available for trading on both exchanges.
17Feb 26
S&P Global Ratings Upgrades Piramal Finance Limited to 'BB' with Stable Outlook
S&P Global Ratings upgraded Piramal Finance Limited's long-term issuer credit rating to 'BB' from 'BB-' with stable outlook, reflecting stronger business stability and retail-focused transformation. The company has total outstanding borrowings of ₹75,000 crore and raised ₹14,000 crore in ECBs across FY 25 and FY 26. With retail loans projected to account for 85% of total AUM by FY26, the upgrade supports the company's diversified funding strategy and growth ambitions as an upper layer NBFC serving over 5 million customers.
23Jan 26
Piramal Finance Reports Strong Q3 Performance with Net Profit Rising to ₹4.00 Billion
Piramal Finance delivered exceptional Q3 results with consolidated net profit surging to ₹4.00 billion from ₹386 million year-on-year. The company also achieved revenue growth, with quarterly revenue rising to ₹29.20 billion compared to ₹28.20 billion in the previous year. These results highlight the company's strong operational performance and improved profitability metrics.
16Jan 26
Piramal Finance Limited Schedules Q3 FY2026 Earnings Call for January 23, 2026
Piramal Finance Limited has scheduled an earnings conference call for January 23, 2026, at 5:00 PM IST to discuss Q3 and 9M FY2026 results. The company has provided comprehensive dial-in details for multiple international time zones and recommends pre-registration for streamlined access. Piramal Finance operates as an upper layer diversified NBFC serving over 5 million customers across 26 states with AUM exceeding ₹90,000 crores.
14Jan 26
Piramal Finance Secures $350 Million Multilateral Funding from IFC and ADB
Piramal Finance Limited has secured $350 million in multilateral financing from IFC ($200 million) and ADB ($150 million), marking its first borrowing from development finance institutions. The five-year facilities will be drawn between January and March 2026 to support affordable housing finance, MSME credit, and lending in tier-2 and tier-3 cities. The company is pursuing an additional $150 million from other development finance institutions, potentially reaching $500 million in total multilateral funding by fiscal year-end.
14Jan 26
Piramal Finance Secures $350 Million Funding From IFC And ADB, In Talks For Additional $150 Million
Piramal Finance Limited has secured $350 million in funding from the International Finance Corporation (IFC) and Asian Development Bank (ADB). The company is also in active discussions to raise an additional $150 million from other development financial institutions, potentially bringing total funding to $500 million. This significant capital raise demonstrates institutional confidence in the company's growth prospects and strengthens its financial position for future expansion initiatives.
14Jan 26
Piramal Finance Secures $350 Million from IFC and ADB, Eyes Additional $150 Million
Piramal Finance Limited has successfully raised $350 million from the International Finance Corporation ($200 million) and Asian Development Bank ($150 million) under its Sustainable Finance Framework. This represents significant progress toward the company's $500 million fundraising target for FY26, with the remaining $150 million currently in advanced discussions with select development finance institutions. The five-year facilities will be drawn in tranches between January and March 2026, enabling expanded credit access to underserved markets.
08Jan 26
Piramal Finance Receives CRISIL AA+/Stable Rating for ₹24,000 Crore Facilities
Piramal Finance Limited has received comprehensive credit rating updates from CRISIL, with AA+/Stable ratings assigned to ₹24,000 crore bank loan facilities and Non-Convertible Debentures, while reaffirming A1+ rating on ₹12,000 crore commercial papers. The company has fulfilled regulatory compliance by notifying BSE and NSE under SEBI Listing Regulations, with detailed rating letters providing specific validity periods and conditions for each instrument class.
30Dec 25
Piramal Finance Limited Amends Employee Trust Deeds Following Corporate Merger
Piramal Finance Limited executed amended trust deeds on December 30, 2025, establishing two employee benefit trusts following its merger with Piramal Enterprises Limited. The Senior Employees Welfare Trust and PFL Employee ESOP Trust will provide stock option schemes and welfare benefits to eligible employees, with each trust maintaining an initial corpus of ₹10,000.00 and operating under SEBI regulations for employee stock ownership participation.
23Dec 25
Piramal Finance Shareholders Approve Four New Director Appointments with 99%+ Support
Piramal Finance Limited successfully completed its postal ballot process with shareholders approving four new director appointments with exceptional support rates exceeding 99%. The appointments strengthen the board with diverse expertise from banking, finance, and corporate strategy backgrounds.
19Dec 25
Piramal Finance to Divest 14.72% Stake in Shriram Life Insurance for ₹600 Crores
Piramal Finance Limited announced the divestment of its complete 14.72% equity stake in Shriram Life Insurance Company Limited to Sanlam Emerging Markets (Mauritius) Limited for ₹600 crores. The strategic transaction, expected to close in Q4 FY26 pending regulatory approvals including IRDAI clearance, is part of the company's focus on monetizing non-core assets to strengthen its balance sheet.
11Dec 25
Piramal Finance Limited Receives Stock Exchange Approval for Non-Convertible Debentures Modification
Piramal Finance Limited has successfully obtained in-principle approval from NSE (December 10, 2025) and BSE (November 27, 2025) to modify coupon rate clauses in its Non-Convertible Debentures under ISINs INE516Y07014 and INE516Y07063. The company executed the required addendum on December 11, 2025, and will proceed with final listing applications once it receives modified ISIN letters from depositories.
25Nov 25
Piramal Finance Reports Strong H1 Performance, On Track To Meet Future Targets
Piramal Finance has reported robust financial results for the first half of the fiscal year. The company achieved a consolidated profit of ₹603.00 crore. Total Assets Under Management (AUM) grew by 37.00% year-over-year, exceeding the company's future target of 30.00%. Overall AUM in H1 increased by 22.00% compared to the previous year, aligning with the full-year growth target of 25.00%. This performance positions Piramal Finance well to achieve its long-term goals and demonstrates the effectiveness of its growth strategies.
18Nov 25
Piramal Finance Completes Amalgamation of Six Subsidiary Companies
Piramal Finance Limited has successfully merged six subsidiary companies into Piramal Investment Advisory Services Private Limited. The amalgamation, approved by the NCLT Mumbai Bench, dissolved six transferor entities without winding up. The company filed the certified NCLT order and Scheme of Amalgamation with the Registrar of Companies, Mumbai. Additionally, Piramal Finance approved the issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures on a private placement basis.
12Nov 25
Piramal Finance Limited Completes Share Allotment and Commences Trading
Piramal Finance Limited has completed a 1:1 share allotment to Piramal Enterprises Limited shareholders following an NCLT-approved scheme. The company's shares are now trading on BSE and NSE. Ajay G. Piramal, family trusts, and Anutham Realty Private Limited are key stakeholders. Piramal Finance has scheduled investor meetings and set targets to double AUM in about 3 years, achieve over 3.00% Return on AUM, and maintain an AUM-to-equity ratio of 4.5-5.0x.
11Nov 25
Piramal Finance Aims to Double AUM to ₹1.5 Lakh Crore by FY28 Through AI-Driven Growth
Piramal Finance plans to double its Assets Under Management to ₹1.5 lakh crore by FY2028, leveraging AI for growth and efficiency. The strategy includes using 'Piramal.ai' for sales, operations, and risk management. Financial targets include 24-26% CAGR in AUM between FY25-FY28, over 3% Return on AUM, and a focus on retail lending. Recent Q2 results show 22% YoY AUM growth and 101% YoY PAT increase. The company is expanding retail operations, managing wholesale lending, reducing legacy AUM, and integrating technology across operations.
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310.40
(-2.08%)
86.02
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674.20
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1,985.90
(+1.88%)
556.45
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1,077.90
(-1.35%)
477.80
(-0.08%)
173.32
(+3.35%)
262.70
(+0.96%)
1,117.90
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