India, Aug. 31 -- Piramal Finance Limited has successfully raised Rs 2,100 crore through a Qualified Institutional Placement (QIP), with strong participation from leading domestic and global institutional investors.
The company allotted 99,52,606 equity shares at Rs 2,110 per share. The QIP opened on August 24 and closed on August 28, 2026.
The issue received participation from several major mutual funds, including ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, Quant Mutual Fund, Axis Mutual Fund, Motilal Oswal Mutual Fund, Tata Mutual Fund, Franklin Templeton Mutual Fund and Aditya Birla Sun Life Mutual Fund. Global investors such as BlackRock, Goldman Sachs Asset Management and Eastspring Investments also par...