PEL

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

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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

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

• PIRAMAL ENTERPRISES LTD - RECEIVES TAX ORDER FOR 15.02 BILLION RUPEES

Source text: ID:nBSEbrKQl6

Further company coverage: PIRA.NS

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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

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** 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)

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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

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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

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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

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

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

Source text: [ID:]

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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

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

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

Source text for Eikon: ID:nBSE5MNKzL

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

• UNIT SOLD PROPERTY FOR 1.87 BILLION RUPEES

Source text for Eikon: ID:nBSE4fJ5RF

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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)

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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

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** 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)

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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)

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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 )

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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)

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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

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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

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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

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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)

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** Shares of Piramal Enterprises PIRA.NS fall 5.5% to 846 rupees apiece

** Co posts consolidated profit in March quarter, post market close on Wednesday, compared to a loss in the year ago quarter

** The profit rise is only due to multiple one-off gains including reversal of Alternative Investment Funds' (AIF) provisions and stake sale in Shriram Investment Holdings, says Jefferies, which has "underperform" rating on the stock

** Adds core profit remains disappointing and cuts fiscal year 2025 and 2026 earnings per share (EPS) estimates

** Motilal Oswal sees no scope for meaningful improvement in the core profit trajectory of PIRA, downgrades stock to "neutral" from "buy" and cuts target price to 925 rupees from 1100 rupees earlier

** PIRA shares down 8.5% in 2024 so far, compared to 8% rise in mid-cap index .NIFMDCP100 - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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BENGALURU, May 8 (Reuters) - India's Piramal Enterprises posted a profit for the fourth quarter on Wednesday as it reversed some funds set aside for its investments in Alternative Investment Funds (AIF).

The non-banking financial company reported a consolidated profit of 1.37 billion rupees ($16.41 million) for the quarter ended March 31, aided by a one-time gain of 15.17 billion rupees due to the reversal of AIF provisions.

The company had posted a loss of 23.78 billion rupees in the December quarter when it had set aside 35.40 billion rupees for such provisions.

In December, the Reserve Bank of India (RBI) asked lenders to stay away from investing in AIFs that have investments in existing and recent borrowers. The central bank also urged lenders to liquidate their investments in such AIFs or to make 100% provisions on such investments.

However, the RBI eased these rules in March, allowing lenders to reverse some provisions made for AIF investments.

Piramal said it expects gains of 12 billion rupees in fiscal year 2025 and five billion rupees in fiscal 2026 from AIF investments.

($1 = 83.4690 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)

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** Shares of Piramal Enterprises PIRA.NS rise as much as ~6% to 889.95 rupees, Indiabulls Housing Finance INBF.NS up ~4%

** India's central bank on Wednesday eased its recently-tightened rules for lenders regarding investments in alternative investment funds (AIFs)

** Select private banks and NBFCs like Piramal had provided for their entire AIF exposure during Q3 and could see some write-backs in Q4 - Jefferies

** Adds, if PIRA reverses its entire additional provision, potential write-back could be around 18 bln rupees ($216 mln)

** Indiabulls group provided 8.67 billion rupees as provision for investments in AIF during Q3

** PIRA had reported a loss of 23.78 bln rupees in Q3 vs profit a year ago due to higher provisions

** PIRA is down ~7.5% YTD, after rising ~12.5% in 2023

($1 = 83.3660 Indian rupees)

(Reporitng by Nishit Navin)

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MUMBAI, Feb 27 (Reuters) - A summary of primary bond market deals in India as of 6:00 p.m. IST (1230 GMT) on Feb. 27. Please note the list includes deals reported by Reuters and is not exhaustive.

* Size includes base plus greenshoe for some issues

(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)

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Feb 22 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES UP TO 1 BILLION RUPEES

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WITH GREEN SHOE OPTION TO RETAIN OVERSUBSCRIPTION UP TO 5 BILLION RUPEES

• APPROVED ISSUANCE ON PRIVATE PLACEMENT BASIS

Further company coverage: PIRA.NS

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** Shares of non-banking financial services co Piramal Enterprises PIRA.NS up 4.4% at 925.60 rupees; stock rose as much as 8.8% during the session

** Over 120,000 shares traded in two separate block deals priced between 954 and 959.60 rupees - LSEG data

** PIRA on track to snap three consecutive sessions of losses

** Over 7.9 mln shares change hands by 2:44 p.m. IST, 7.7x the 30-day avg; most active session since July 31

** Avg rating of seven analysts equivalent to "hold", median PT is 1,000 rupees - LSEG data

** Stock rose 12.4% in 2023

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Feb 19 (Reuters) - Piramal Enterprises Ltd PIRA.NS:

• TO CONSIDER RAISING UP TO 6 BILLION RUPEES

• TO CONSIDER FUND RAISE VIA ISSUE OF NON-CONVERTIBLE DEBENTURES, GREEN SHOE OPTION

Source text for Eikon: ID:nBSE1lygdT

Further company coverage: PIRA.NS

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