Piramal Capital Housing Finance to Raise $500 Million via Dollar Bond Sale
Real Estate

Piramal Capital Housing Finance to Raise $500 Million via Dollar Bond Sale

Piramal Capital Housing Finance, a subsidiary of Piramal Enterprises Limited, is planning to raise up to $500 million through a dollar bond sale. The funds raised will be utilised to strengthen the company's capital base, expand lending activities, and meet its business growth objectives in the housing finance sector.

The dollar bond issuance is part of Piramal Capital's strategic efforts to diversify funding sources and access international capital markets for long-term financing. It seeks to capitalise on favourable market conditions and investor appetite for high-quality debt instruments issued by reputable financial institutions.

The proceeds from the bond sale will bolster Piramal Capital's liquidity position, enabling it to enhance its lending portfolio across retail and corporate segments within the housing finance industry. This initiative aligns with the company's commitment to supporting homebuyers and real estate developers through customised financial solutions.

Piramal Capital Housing Finance aims to leverage its strong market presence and robust credit profile to attract global investors seeking exposure to India's growing housing finance sector. The dollar bond issuance is expected to contribute significantly to Piramal Capital's funding diversification strategy and strengthen its position in the competitive financial services landscape.

The company remains focused on maintaining prudent risk management practices and delivering sustainable value to stakeholders while expanding its footprint in the housing finance market. The bond issuance underscores Piramal Capital's proactive approach in securing funding for future growth initiatives and enhancing shareholder value.

Piramal Capital Housing Finance, a subsidiary of Piramal Enterprises Limited, is planning to raise up to $500 million through a dollar bond sale. The funds raised will be utilised to strengthen the company's capital base, expand lending activities, and meet its business growth objectives in the housing finance sector. The dollar bond issuance is part of Piramal Capital's strategic efforts to diversify funding sources and access international capital markets for long-term financing. It seeks to capitalise on favourable market conditions and investor appetite for high-quality debt instruments issued by reputable financial institutions. The proceeds from the bond sale will bolster Piramal Capital's liquidity position, enabling it to enhance its lending portfolio across retail and corporate segments within the housing finance industry. This initiative aligns with the company's commitment to supporting homebuyers and real estate developers through customised financial solutions. Piramal Capital Housing Finance aims to leverage its strong market presence and robust credit profile to attract global investors seeking exposure to India's growing housing finance sector. The dollar bond issuance is expected to contribute significantly to Piramal Capital's funding diversification strategy and strengthen its position in the competitive financial services landscape. The company remains focused on maintaining prudent risk management practices and delivering sustainable value to stakeholders while expanding its footprint in the housing finance market. The bond issuance underscores Piramal Capital's proactive approach in securing funding for future growth initiatives and enhancing shareholder value.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?