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Piramal Finance to raise Rs 20 billion via 3-year bonds

Piramal Finance plans to raise Rs 20 billion through the sale of three-year and one-month bonds, with a greenshoe option of Rs 15 billion, bankers said. The annual coupon is 8.57%.

PIRAMALFIN

60 million), including a greenshoe option of 15 billion rupees, through the sale of three-year and one-month bonds, three bankers said on Thursday. 57% and has invited commitments for the issue.