Piramal Finance Targets $1.67 Billion in Local Indian Borrowing by March

Piramal Finance is preparing to raise about ₹15,000 crore ($1.67 billion) between December and March, with most of the money expected to come from Indian lenders and domestic markets, as per Reuters.  

This forms part of its full-year target of ₹30,000 crore. The company has already completed roughly half of its annual borrowing requirement. 

Structure of the Funding Plan 

Around 40% of the company’s total borrowing this year is planned through bank loans. The remaining portion will come from a mix of local bond issuance, securitisation, external borrowings and funding from multilateral institutions.  

Dollar bonds are not being considered as local currency borrowing has worked out cheaper through the year, guiding the shift in preference. 

Possible External Commercial Borrowings 

As per Reuters, the focus remains on domestic funds, Piramal Finance may still look at raising $500 million to $800 million through external commercial borrowings or multilateral agencies over the next 4 months.  

These borrowings would serve as an additional source of capital, depending on the cost and availability of funds. The company has indicated no immediate plans to tap the offshore bond market. 

AUM Target for March 

The lender is looking to grow its assets under management beyond ₹1 trillion by the end of March, from around ₹90,000 crore recorded in September.  

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Piramal Finance Share Price Performance  

As of December 02, 2025, 10:53 am, Piramal Finance share price was trading at ₹1,521.80, a 2.14% decline from the previous closing price. 

Conclusion 

Piramal Finance is entering the final stretch of the year with a borrowing plan largely centred on domestic markets, backed by bank funding and local bonds. Alongside this, it aims to lift its AUM past the ₹1 trillion mark by March. 

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