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Piramal Finance closed its QIP and allocated 9,952,606 equity shares to eligible QIBs at Rs.2,110 per share, raising approximately Rs.2,100 crore. The Committee adopted the placement document and finalised allocation confirmations. Context: advances the planned growth-capital funding program.
Piramal Finance Board Approves Up to ₹4,000 Crore Fundraising via QIP or Rights
Piramal Finance Board to Consider Fund Raising via QIP or Rights Issue