We advised Piramal Finance Limited on the qualified institutions placement of equity shares aggregating to INR 21,000 million (Issue / QIP). The Issue opened on August 24, 2026, and closed on August 28, 2026.
The QIP saw strong participation from a diverse mix of leading domestic and international institutional investors.
Nomura Financial Advisory and Securities (India) Private Limited, Motilal Oswal Investment Advisors Limited and JM Financial Limited acted as book running lead managers to the Issue.
The Capital Markets team comprised Devaki Mankad, Partner (Regional Co-Head – Capital Markets – West); Amitpal Singh, Partner; Niharika Payannavar, Janhavi Deshmukh, Eashaan Agrawal, Mann Agrawal, Mitali Mangalam and Riya Kumar, Associates, with strategic guidance from Yash Ashar, Senior Partner.
