Piramal Finance has moved forward with its funding plan for FY26 by raising USD 350 million from global development institutions, and the company intends to mobilise an additional USD 150 million to achieve its USD 500 million capital target. The fresh capital will help the lender expand reach in underserved segments of the credit market, while the stock has remained in focus amid consistent investor interest.
Funding programme update
The company confirmed that it is pursuing a USD 500 million fundraise during FY26. Out of this, USD 350 million has already been tied up, and discussions are ongoing with select development finance institutions to secure the remaining USD 150 million. Negotiations for the balance capital are stated to be at an advanced stage.
Backing from multilateral agencies
The USD 350 million raised falls under Piramal Finance’s Sustainable Finance Framework. The funding mix includes:
- USD 200 million from International Finance Corporation (IFC), a World Bank Group entity
- USD 150 million from the Asian Development Bank (ADB)
These facilities, with a tenor of five years, are expected to be drawn down in tranches between January and March 2026, subject to regulatory approvals.
Capital to support underserved borrower segments
Piramal Finance plans to deploy the capital towards borrowers and projects with limited access to traditional credit channels. The company’s Sustainable Finance Framework is structured to ensure that the lending programme aligns with specified environmental and social impact objectives, while widening financial inclusion.
Summary
Piramal Finance has raised USD 350 million from IFC and ADB under its Sustainable Finance Framework, and plans to mobilise another USD 150 million to complete a USD 500 million FY26 funding plan. The five-year facilities will be drawn between January and March 2026. The capital will be used to expand lending in underserved credit markets, with a focus on environmental and social impact-aligned projects.
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