The company has raised over Rs 50,000 cr ore since Apr-2019, through several equity transactions leading to inflows of over Rs 18,000 cr Piramal Capital & Housing Finance, a wholly-owned subsidiary of Piramal Enterprises Limited (PEL), on Monday said it raised Rs 4,050 crore through issuance of long-term, five-year non-convertible debentures (NCDs) in two tranches. The first tranche of the NCD issue amounting to Rs 2,000 crore opened on March 10, 2021 with a pay-in on March 12, 2021. The second tranche of the remaining Rs 2,050 crore opened on March 18, 2021 with a pay-in on March 19, 2021. Rating firm CARE Ratings has assigned an ‘AA’ rating for both the issuances, it said Rajesh Laddha, executive director, Piramal Enterprises. said, “Since the beginning of FY20, we have significantly transformed the liabilities profile towards more stable, long-term sources of funds. The company has raised over Rs 50,000 crore since Apr-2019, through multiple long-term borrowings and ...