
As per Economic Times report, Piramal Finance has completed an external commercial borrowing of $400 million from a consortium of international and Indian banks, adding a new source of cost‑effective capital.
The $400 million facility runs for 42 month and is priced at the secured overnight financing rate plus 175 basis points, excluding fees.
Approximately 50 % of the principal will be repaid as a bullet payment at the end of the term. The syndicate includes Deutsche Bank, Sumitomo Mitsui Banking Corp, Axis Bank, DBS Bank and Far Eastern International Bank.
Most lenders accessed the transaction through GIFT City, while Axis Bank contributed via its Dubai International Financial Centre unit. Far Eastern International Bank joined the deal through an offshore hub, reflecting a blend of on‑shore and off‑shore participation.
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The borrowing aligns with Piramal Finance’s plan to diversify its funding sources. Management indicated an intention to source 18‑20% of total borrowings from overseas markets over the next 2‑3 years, supporting expansion into India’s hinterland where demand for formal credit is rising.
As of February 11, 2026, at 11:57 AM, Piramal Finance share price on NSE was trading at ₹1,761.00 up by 0.36% from the previous closing price.
The $400 million ECB package, led by a mix of global and domestic lenders, provides Piramal Finance with a diversified and competitively priced funding avenue, with a structured repayment schedule and a clear focus on international capital access.
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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 11, 2026, 2:52 PM IST

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