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

10 Jul 2024 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..