News
Piramal Housing Fin raises Rs 4,050 crore via issuance of NCDs
Piramal Capital & Housing Finance Limited (PCHFL), a wholly-owned subsidiary of Piramal Enterprises Limited, has raised Rs 4,050 crore through issuance of long-term, five-year non-convertible debentures in two tranches.
According to a press release, the first tranche of the NCD issue amounting to Rs 2,000 crore opened on March 10 with a pay-in on March 12. The second tranche of the remaining Rs 2,050 crore opened on March 18 with a pay-in on March 19. Leading rating agency, CARE Ratings has assigned an ‘AA’ rating for both the issuances, added the release.
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