PEL

MUMBAI, June 16 (Reuters) - India's Piramal Finance has accepted bids worth 29 billion rupees ($337.1 million) for the reissue of multiple maturity bonds, three bankers said on Monday.

The company had invited coupon and commitment bids for the issues earlier in the day, they said.

Piramal Finance did not reply to a Reuters email for comment.

Here is the list of deals reported so far on June 16:

*Size includes base plus greenshoe for some issues

($1 = 86.0280 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

(([email protected]))

MUMBAI, June 13 (Reuters) - India's Piramal Finance plans to raise 35 billion Indian rupees ($406.51 million), which includes a greenshoe option of 19.50 billion rupees through reissue of multiple maturity bonds, three bankers said on Friday.

The company has invited coupon and commitment bids for the issues on Monday, they said.

Piramal Finance did not reply to a Reuters email for comment.

Here is the list of deals reported so far on June 13:

*Size includes base plus greenshoe for some issues

($1 = 86.0980 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Tasim Zahid)

(([email protected]))

MUMBAI, May 6 (Reuters) - India's Piramal Finance plans to raise 12 billion rupees ($142.24 million), including a greenshoe option of 10 billon rupees, through the sale of bonds maturing in two years, three bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Wednesday, they said.

The company did not reply to Reuters email seeking a comment.

Here is the list of deals reported so far on May 6:

*Size includes base plus greenshoe for some issues

($1 = 84.3630 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips)

(([email protected]))

April 24 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES

• TO CONSIDER ISSUANCE OF 2 SERIES OF NCDS WORTH UPTO 3 BILLION RUPEES EACH

Source text: [ID:]

Further company coverage: PIRA.NS

(([email protected];))

April 7 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - RBI GRANTS CERTIFICATE OF REGISTRATION TO PIRAMAL FINANCE LIMITED

• PIRAMAL ENTERPRISES LTD - PIRAMAL FINANCE LIMITED TO STOP HOUSING FINANCE BUSINESS

Source text: ID:nBSE7FcSmJ

Further company coverage: PIRA.NS

(([email protected];;))

March 26 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - INVESTED 6 BILLION RUPEES IN PIRAMAL FINANCE

Source text: ID:nBSEbZzW75

Further company coverage: PIRA.NS

(([email protected];))

March 24 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - TO CONSIDER ISSUANCE OF DEBENTURES UP TO 1 BILLION RUPEES

Source text: [ID:]

Further company coverage: PIRA.NS

(([email protected];;))

March 20 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• REGISTRAR OF COMPANIES APPROVES STRIKE OFF OF VIIMPL

Source text: ID:nNSEwXpQD

Further company coverage: PIRA.NS

(([email protected];;))

March 4 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - PROMOTER GROUP SHAREHOLDING INCREASES TO 46.41% FROM 46.30%

Source text: ID:nNSE31B7PC

Further company coverage: PIRA.NS

(([email protected];;))

Adds details from exchange filing, background from paragraph 2

Feb 28 (Reuters) - India's Piramal Enterprises PIRA.NS said in an exchange filing on Friday that it had received a tax demand of 15.02 billion rupees (nearly $172 million) for the sale of its pharmaceutical business to Piramal Pharma PIRM.NS in fiscal year 2021.

A tax office in the state of Maharashtra has asked the financial services company to pay 18% Goods and Services Tax (GST) on the deal, the latter said in the filing.

The tax bill amounts to about 15% of its revenue for the fiscal year ended March 31, 2024. Piramal Enterprises said it has solid grounds to challenge the "unjustified" demand.

The company sold its pharmaceutical business and other related units to Piramal Pharma PIRM.NS for 44.87 billion rupees in October 2020.

Maharashtra's tax office has contended that the transfer of its pharma business to Piramal Pharma counts as an itemized sale and not a slump sale, the company said.

A slump sale, which receives more preferential tax treatment, refers to the sale of all assets and liabilities of an undertaking without values being assigned to individual assets and liabilities. Such a sale must also not hinder the business operations of the transferred entity.

An itemized sale, on the other hand, refers to assets and liabilities being sold with separate values assigned to each item.

Piramal Enterprises said it expects that the order would be set aside.

($1 = 87.3660 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Shilpi Majumdar and Pooja Desai)

(([email protected];))

Feb 10 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• MEETING TO CONSIDER ISSUANCE OF DEBENTURES

• TOTAL ISSUE SIZE AGGREGATING UP TO 4.50 BILLION RUPEES

Source text: ID:nBSE3MnJjH

Further company coverage: PIRA.NS

(([email protected];;))

** Shares of Piramal Enterprises PIRA.NS rise 2.2% to 935.15 rupees

** The NBFC posted a Q3 consololidated profit of 385.6 mln rupees ($4.5 mln) vs a year-ago loss of 23.78 bln rupees

** Trading volumes at 1.4 mln shares, 2.4x the 30-day average

** PIRA gained 18.6% in 2024

($1 = 86.5125 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Jan 27 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES DEC-QUARTER CONSOL PROFIT 385.6 MILLION RUPEES

• PIRAMAL ENTERPRISES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 24.49 BILLION RUPEES

Source text: [ID:]

Further company coverage: PIRA.NS

(([email protected];))

Dec 31 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - INVESTED 10 BILLION RUPEES IN PIRAMAL CAPITAL & HOUSING FINANCE

• PIRAMAL ENTERPRISES - INVESTED IN UNIT VIA SUBSCRIPTION TO RIGHTS ISSUE

Source text: ID:nBSE7K35rr

Further company coverage: PIRA.NS

(([email protected];))

Dec 20 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - TO ISSUE SECURED NON-CONVERTIBLE DEBENTURES WORTH 20 BILLION RUPEES

Source text: ID:nNSE2KCB1b

Further company coverage: PIRA.NS

(([email protected];))

Dec 17 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES - TO CONSIDER PUBLIC ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text: [ID:]

Further company coverage: PIRA.NS

(([email protected];))

Oct 23 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES SEPT-QUARTER CONSOL PROFIT 1.63 BILLION RUPEES

• PIRAMAL ENTERPRISES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 22.88 BILLION RUPEES

Source text for Eikon: ID:nBSE2nNhVh

Further company coverage: PIRA.NS

(([email protected];))

Oct 10 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• UNIT APPROVES ALLOTMENT OF $150 MILLION SENIOR SECURED SUSTAINABILITY NOTES

Source text for Eikon: ID:nBSE5MNKzL

Further company coverage: PIRA.NS

(([email protected];;))

Sept 26 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• UNIT SOLD PROPERTY FOR 1.87 BILLION RUPEES

Source text for Eikon: ID:nBSE4fJ5RF

Further company coverage: PIRA.NS

(([email protected];))

Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD- APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES UPTO 1 BILLION RUPEES

Source text for Eikon: ID:nBSE50pjnF

Further company coverage: PIRA.NS

Aug 28 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURE WORTH UPTO 1 BILLION RUPEES

Source text for Eikon: ID:nBSE6lhPfB

Further company coverage: PIRA.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

Aug 16 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES UP TO 1.50 BILLION RUPEES

Source text for Eikon: ID:nNSE13hpFj

Further company coverage: PIRA.NS

(([email protected];))

** Shares of Piramal Enterprises PIRA.NS fall 7.3% to 913.7 rupees

** The non-banking financial co reported a 64% fall in consolidated net profit, total rev from ops down 26% Y/Y

** Low interest earnings continue to weigh on net interest margin, say analysts at Jefferies, while maintaining "underperform" on stock

** More than 2.2 mln shares change hands, 1.3x its 30-day avg

** Seven analysts covering the stock on avg have a "sell" rating; median PT is 930 rupees - LSEG data

** Session's loss trims stock's yearly gains, now down 1% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Aug 13 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• JUNE-QUARTER CONSOL PROFIT 1.81 BILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 21.23 BILLION RUPEES

Source text for Eikon: ID:nBSEFcJTy

Further company coverage: PIRA.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

MUMBAI, July 23 (Reuters) - India's Piramal Capital and Housing Finance has raised $300 million by issuing its debut sustainability bonds maturing in three years and six months at 7.95%, IFR, a Thomson Reuters publication, reported late Monday.

The final coupon on these Regulation-S bonds was inside the initial guidance of 8.25%, IFR reported, quoting people with knowledge of the transaction.

The company, a wholly-owned subsidiary of non-banking financial firm Piramal Enterprises PIRA.NS, received bids of more than $1 billion, including $90 million from lead bankers.

The bonds are expected to be rated Ba3 by Moody's and BB– by S&P.

Deutsche Bank, Barclays and Standard Chartered were joint global coordinators, as well as joint bookrunners with Axis Bank, Citigroup and Emirates NBD Bank.

(Reporting by Bhakti Tambe; Editing by Janane Venkatraman )

(([email protected]))

MUMBAI, July 22 (Reuters) - India's Piramal Capital and Housing Finance has provided an initial price guidance of 8.25% for its debut issue of sustainability dollar bonds through which it plans to raise up to $500 million, two bankers said on Monday.

The non-bank lender is looking to issue Regulation-S notes maturing in three years and six months, and the coupon is likely to be finalised this week, they said.

The company, a wholly-owned subsidiary of non-banking financial firm Piramal Enterprises PIRA.NS, did not immediately respond to Reuters' request for comment.

Piramal Capital has appointed Barclays, Deutsche Bank and Standard Chartered as joint global coordinators, and Axis Bank, Citigroup and Emirates NBD Bank as joint bookrunners, the bankers said.

Proceeds from the issue will be used in line with the Reserve Bank of India's external commercial borrowing guidelines for onward lending and the issuer's sustainable finance framework.

The bonds are expected to be rated Ba3 by Moody's and BB– by S&P.

(Reporting by Bhakti Tambe; Editing by Sonia Cheema)

(([email protected]))

July 2 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES - PCHFL RECEIVED "NO COMMENTS LETTER" FROM INDIA INX

• PIRAMAL ENTERPRISES - "NO COMMENTS LETTER" FOR ESTABLISHMENT OF EMTN PROGRAMME

Source text for Eikon: ID:nBSE1GYQ3p

Further company coverage: PIRA.NS

(([email protected];))

June 27 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES UP TO 300 MILLION RUPEES

• TO CONSIDER NON-CONVERTIBLE DEBENTURES WITH GREEN SHOE OPTION TO RETAIN OVERSUBSCRIPTION UP TO 1.5 BILLION RUPEES

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES ON A PRIVATE PLACEMENT BASIS

Further company coverage: PIRA.NS

(([email protected];))

June 18 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• PIRAMAL ENTERPRISES LTD - PIRAMAL FINANCE SURPASSES 500 BILLION RUPEES IN RETAIL LOANS, AIMS TO DOUBLE RETAIL AUM BY FY28

Source text for Eikon: ID:nBSE1fYLBY

Further company coverage: PIRA.NS

(([email protected];))

BENGALURU, May 14 (Reuters) - Indian non-banking financial companies (NBFC) will see some moderation in profitability in the next 12 to 18 months due to higher funding costs, rating agency Moody's said in a report on Tuesday.

In November, India's central bank asked banks to set aside additional capital against loans to NBFCs, making borrowing from banks more expensive for non-bank lenders.

The Reserve Bank of India also increased the capital requirements for unsecured loans for both banks and non-bank lenders.

Indian non-bank lenders have reported healthy loan growth in recent quarters due to strong credit demand, especially in the unsecured lending space.

But as unsecured loans mature, Moody's expects the sector's credit costs, or loan-loss provisions as a portion of gross loans, to increase from cyclically low levels.

It also expects some NBFCs to reduce unsecured lending and increase secured lending after the central bank's November order, and the non-performing asset ratios for non-banks to remain below pre-pandemic levels.

Loans at NBFCs would grow about 15% in the next 12-18 months, Moody's Ratings said.

(Reporting by Nishit Navin in Bengaluru; Editing by Shinjini Ganguli)

(([email protected];))