Piramal Capital & Housing Finance Sells Mumbai Property for Rs 187 Crore
Piramal Capital & Housing Finance sells its immovable property in Mumbai for Rs 187 crore to Shoquba Realty, and raises $150 million through a global bond sale.
Piramal Capital Housing FinanceShoquba RealtyMumbai PropertyGlobal Bond SaleSustainability Bond IssuanceReal EstateOct 05, 2024
In a separate regulatory filing, the company also announced that it has raised $150 million through a global bond sale. The bonds will be issued at a yield of 7.80 per cent and will have to be repaid in 3.32 years. This fundraising effort is a testament to the company's ability to access global capital markets and raise funds at competitive rates.
Piramal Capital & Housing Finance has been actively raising funds through various means, including bond issuances. In July 2024, it had raised USD 300 million from a sustainability bond issuance and achieved a 0.87 per cent improvement in pricing as against the 7.950 for the bonds issued in July 2024.
About Piramal Enterprises
Piramal Enterprises is a diversified conglomerate with interests in pharmaceuticals, financial services, and real estate. The company has a strong presence in India and is listed on the Bombay Stock Exchange and the National Stock Exchange.
About Piramal Capital & Housing Finance
Piramal Capital & Housing Finance is a wholly-owned subsidiary of Piramal Enterprises, providing financial services and housing finance solutions to individuals and businesses.
About Shoquba Realty
Shoquba Realty is a real estate development company that focuses on creating high-quality residential and commercial properties in India.
Frequently Asked Questions
What is the total consideration for the sale of Piramal Capital & Housing Finance's Mumbai property?
Rs 187 crore
Who is the buyer of Piramal Capital & Housing Finance's Mumbai property?
Shoquba Realty
How much did Piramal Capital & Housing Finance raise through its global bond sale?
$150 million
What is the yield on the bonds issued by Piramal Capital & Housing Finance?
7.80 per cent
When did Piramal Capital & Housing Finance raise USD 300 million from a sustainability bond issuance?
July 2024
Tags:
Related News Articles
ED Cracks Down on Shine City Real Estate Firm, Attaches Properties Worth Rs 31 Crore
The Enforcement Directorate (ED) has provisionally attached properties worth Rs 31.74 crore of Shine City Properties Ltd under the Prevention of Money Laundering Act (PMLA), 2002.
Empowering Education: How Indian Real Estate is Driving CSR Initiatives
Indian real estate companies are investing in CSR initiatives that focus on improving educational infrastructure, enhancing digital literacy, and supporting teacher growth and training.
Ashar Group Reaches Rs 500 Cr Milestone with The Legend at Rs 1.71 Lakh per Sq Ft
Discover how Ashar Group, a leading real estate developer, achieved a significant milestone with their luxury project, The Legend. With transactions reaching Rs 500 crore, the project has set new benchmarks in the Mumbai real estate market.
Housing Prices in MMR See Steady Rise as Demand Surges - Urban Acres
India’s residential real estate market continues to thrive, with housing prices across the top eight cities increasing by 11% year-on-year (YoY) during Q3 2024. The Mumbai Metropolitan Region (MMR) is no exception, witnessing a robust upward trend in prop
Mahindra Lifespaces Launches Mahindra IvyLush in Kharadi Annex, Pune
Pune, 30th December 2024: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of Mahindra IvyLush in Kharadi Annex, Pune. This state-of-the-art residential projec
Orissa High Court Rejects Pre-Arrest Bail for GST Officer Accused of Embezzlement
The Orissa High Court has rejected the pre-arrest bail application of a GST officer accused of embezzling ₹71.03 lakhs from the department. The court cited the seriousness of the offense and the department's strong opposition to the bail plea.