Piramal Capital Gets RBI Nod to Operate as NBFC-ICC; Infuses ₹600 Cr into Subsidiary

Piramal Capital & Housing Finance Ltd. has received the Reserve Bank of India’s (RBI) approval to operate as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), the company said in a regulatory statement. The housing finance business will continue under the NBFC licence.

At the time of the announcement, shares of Piramal Enterprises Ltd., the parent company of Piramal Capital, were trading over 4% lower at ₹920.05 apiece on the Bombay Stock Exchange (BSE).

₹600 Cr Capital Infusion into Piramal Finance

In a parallel development, Piramal Enterprises recently infused ₹600 crore into its wholly owned subsidiary, Piramal Finance Ltd. (PFL), through a rights issue. The funds will be used to support PFL’s business operations and general corporate purposes. The company confirmed that the rights issue would not impact its shareholding percentage in PFL.

₹300 Cr NCD Issue Approved

Separately, Piramal Enterprises announced on March 27 that it has approved the issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis. The base issue size is ₹100 crore, with a green shoe option to retain oversubscription of up to ₹200 crore, taking the total issue size to ₹300 crore.

These NCDs will mature and be redeemed on April 9, 2029. In the event of default in either interest or principal payments, an additional interest of 1% per annum will be levied until the default is cured.

The series of moves — including the RBI’s regulatory nod, capital infusion, and fresh debt issuance — underscore Piramal’s efforts to strengthen its financial services business and enhance liquidity.

Stock Performance 

On April 08, 2025, Piramal Enterprises share price traded 0.76% higher at ₹962.95 at 11:13 AM (IST). Piramal Enterprises’ share price reached a 52-week high of ₹1,275.40, and a 52-week low of ₹736.60. As per BSE, the total traded volume for the stock stood at 4,792 shares with a turnover of ₹45.87 lakhs.

According to exchange data, Piramal Enterprises shares are trading at a price-to-earnings (P/E) ratio of 14.55x, based on its trailing 12-month earnings per share (EPS) of ₹65.67, and a price-to-book (P/B) ratio of 0.99.

Conclusion 

Piramal Capital & Housing Finance’s latest milestones, including the RBI’s regulatory clearance, a ₹600 crore capital infusion into Piramal Finance, and the approval of a ₹300 crore NCD issue, reflect the company’s proactive approach to bolstering its financial services arm.

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