Piramal Finance Secures $350 Million from IFC & ADB for Expansion

• Piramal Finance raised $350 million in debt capital from International Finance Corporation (IFC) ($200 million) and Asian Development Bank (ADB) (remaining amount).
• This funding marks a significant milestone after its relisting on November 7, 2025, and is the first debt capital effort in the current fiscal year.
• The capital will be used to expand affordable housing finance, MSME credit, and lending for women borrowers and entrepreneurs, focusing on Tier 2 and Tier 3 markets.
• The landed cost of this $350 million debt was 8-8.5 percent for a five-year tenure, making foreign DFI debt more attractive than domestic options.
• Piramal Finance plans to raise another $150 million from a DFI, aiming for a total of $500 million from multilateral agencies by FY26, and targets $500 million – $1 billion from overseas in FY27.

Why It Matters: Piramal Finance secured $350 million from IFC and ADB to boost retail lending, especially in Tier 2/3 cities.