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HinduBusinessLine

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Piramal Finance secures $265 million in foreign borrowing 

  • Piramal Finance has secured $265 million in foreign borrowing.
  • The facility attracted participation from four major international banks: First Abu Dhabi Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and HSBC.
  • The company has fully hedged the borrowing to protect against currency and interest rate fluctuations.
  • The funds will support expansion of lending operations, particularly targeting affordable housing and financial inclusion initiatives in Tier-2 and 3 cities.

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