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Security Name: 9.55% Piramal Finance Limited 08 Mar 2027

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ISIN:
INE641O08035
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Taxable

Tax Category

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08 Mar, 2027

Maturity Date
(1 Yr 9 Mo 6 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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08 Mar, 2017

Allotment Date

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NA

Put Date

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09 Mar, 2026

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

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9.55%

Coupon

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Fixed Interest

Coupon Basis

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9.5391%

Current Yield

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22 Feb, 2026

Record Date

YOUR EARNING

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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA Stable
CARE
AA Stable
ICRA
Subordinated Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Piramal Finance Limited

PCHFL was incorporated in February 2017. In August 2017, PCHFL received a certificate for commencement of housing finance business from National Housing Bank. Subsequently, the Board of Piramal Enterprises Ltd (PEL), the parent of PFL, approved a scheme of amalgamation of PFL and Piramal Capital Ltd to PCHFL. PCL was a subsidiary of PEL and had limited operations. The merger process was completed in July 2018 with effect from 31st March 2018. Consequently, all outstanding assets and liabilities of Piramal Finance Ltd are being transferred to Piramal Capital and Housing Finance Ltd.

The ratio in FY24 is 211.83x and it was -4.34x in FY23, indicating drastic reduction in losses in FY24 therefore huge difference between the ratios.

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Debt/EBITDA

The ratio in FY24 is 0.02and it was -2.71x in FY23, indicating increase in the debt servicing ability of the issuer due to reduction in the incurred losses in FY24.

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Interest coverage ratio

Recent News
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Piramal Enterprises to stay away from future investment in AIFs

Mar 27, 2024 | Piramal Finance Limited

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Piramal Capital seeking counterbids to sell Rs 702 cr of bad loans

Nov 18, 2024 | Piramal Finance Limited

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Mobikwik join hands with Piramal Capital & Housing Finance

Jan 20, 2025 | Piramal Finance Limited

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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Cashflow for INE641O08035
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
9.55% Piramal Finance Limited 08 Mar 2027
Credit Rating
AA Stable by CARE
AA Stable by ICRA
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
9.550000%
YTM or YTC
YTM
Maturity Date
08/03/2027
Security
Unsecured Subordinated Tier 2
No. of Bonds
1
Settlement Date
Jun 03,2025
Principal Amount
₹10,01,143
Accrued Interest
₹0
Stamp Duty
₹1
Total Amount Payable
₹10,01,144
Price
₹100.1143
Yield
0%
YearPayment DateAmountAmount after TDSPayout Type

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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