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
PNB and IIFCL Join Forces to Finance Infrastructure Projects
PNB and IIFCL have signed an MoU to enhance financing for infrastructure projects, prioritizing growth and development in the sector.
Ajmera Realty Witnesses 1% Rise in Q2 FY25 Sale Bookings
Ajmera Realty & Infra India Ltd., a prominent real estate developer, reported a 1% increase in its sale bookings during the second quarter of the financial year 2025.
If Your Great-Grandparents Invested Rs 1,000 in Mumbai Land...
Financial expert Rishabh Zaveri recently shared an eye-opening case study, exploring the incredible transformation of Mumbai's real estate market over the past century, turning modest investments into generational wealth.
Tribeca Developers to Invest ₹7000 Crore in Four New Trump-Branded Projects in India
Tribeca Developers, a renowned real estate company, is set to invest a staggering ₹7000 crore in four new Trump-branded projects across India, expanding its footprint in the country's booming real estate market. The projects, expected to be completed by 2
Supreme Court Orders Chandigarh to Refund Parsvnath in Failed Film City Venture
The Supreme Court has ruled in favor of Parsvnath Developers, ordering the Chandigarh administration to refund the amount paid by the company for a failed film city project. The decision highlights the importance of transparent and fair dealings in real estate and infrastructure projects.
Devrim Lingnau: The Visionary Entrepreneur and Investor Shaping Industries
Devrim Lingnau's influence spans across real estate, renewable energy, technology, and healthcare. Explore how this visionary leader is reshaping multiple sectors.