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.