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
Real Estate

Johnson Controls Tops Data Centre Thermal Management Rankings

Johnson Controls, the global leader for smart, healthy and sustainable buildings, has been named a top thermal management provider for data centres by ABI Research. The recognition highlights Johnson Controls’ excellence in innovation and implementation, driven by its comprehensive product portfolio, global presence, and customer-centric approach to the data centre thermal management industry.“Johnson Controls has consistently exceeded market expectations for thermal management across all industries and is a leading player in mission-critical infrastructure, like data centres, where reliab..

Next Story
Infrastructure Urban

Kerala Budget Focuses on Infrastructure with Key Projects

Despite financial constraints, the final budget of the second Pinarayi Vijayan government prioritises infrastructure development with key initiatives such as the Vizhinjam-Kollam-Punalur Growth Triangle (VKP-GT), expansion along the West Coast Canal and Coastal Highway, the Wayanad tunnel project, and the transformation of Vizhinjam into a major Export-Import hub. The Vizhinjam-Kollam-Punalur Growth Triangle will receive Rs 10 billion from the Kerala Infrastructure Investment Fund Board (KIIFB) to enhance transport corridors and establish multi-modal hubs, manufacturing parks, logistics c..

Next Story
Real Estate

Odisha Approves 225,000 Houses Under Antyodaya Gruha Yojana

The Odisha Cabinet, chaired by Chief Minister Mohan Charan Majhi, has approved the allocation of 225,000 pucca houses for weaker sections under the Antyodaya Gruha Yojana over the next three years, with a budget outlay of Rs 75.5 billion. Under the scheme, eligible families who have not benefited from existing housing programs will receive Rs 120,000 million in financial assistance to construct a 25-square-meter pucca house. The government has clarified that asbestos, tin, and tile-roofed structures will not be considered pucca houses, while cement-roofed homes with concrete walls will qu..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?