Piramal Capital Announces Maiden Dollar Bonds

23 Jul 2024 CW Team

Piramal Capital & Housing Finance has issued initial price guidance for its first-ever dollar bonds, marking a significant step in its capital-raising efforts. This move reflects the company?s strategy to diversify its funding sources and attract international investors.

The maiden issuance of dollar bonds is aimed at bolstering the company?s financial position and supporting its ongoing housing finance projects. By tapping into the global bond market, Piramal Capital seeks to leverage favorable market conditions and investor interest to secure funds for its growth initiatives.

Initial price guidance for these bonds will provide potential investors with an early indication of the bond?s yield and pricing. This step is crucial in setting the stage for the bond issuance process, helping to gauge market demand and optimize the final terms of the bond offering.

The bond issuance is part of Piramal Capital's broader strategy to enhance its capital structure and expand its financial capabilities. The successful launch of these bonds is expected to strengthen the company?s liquidity position and support its strategic objectives in the housing finance sector.

Investors will closely monitor the final pricing and terms of the bond issuance, as it will offer insights into the company?s financial health and its ability to attract capital from international markets.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..