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Piramal Housing to extend loans to low-income groups across the country


Piramal Housing to extend loans to low-income groups across the country
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Piramal has launched used car financing in partnership with Cars24, it has also tied up with Zest for unsecured digital lending, it is also offering small business loans, loans against property besides home loans as part of its retail push.
Agencies
“We should have another 10-20 partnership with fintechs next one year through the merged entity (DHFL and Piramal Housing),”said Jairam Sridharan, CEO, Piramal Retail Finance.
Piramal Housing Finance that s shedding its overweight on builder loans is taking baby steps to become a financial conglomerate, a versatile retail lending platform that would lend to build small sized homes to buy a motorcycle leveraging on its recent tie ups with tech startups. ....

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Piramal Capital to raise up to Rs 3,000 crore before DHFL merger


Piramal Capital to raise up to Rs 3,000 crore before DHFL merger
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Piramal Capital to raise up to Rs 3,000 crore before DHFL merger
Mayur Shetty / TNN / Updated: Mar 17, 2021, 11:12 IST
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MUMBAI: Piramal Capital & Housing Finance is raising up to Rs 3,000 crore through an issue of bonds offering interest at 9.25% per annum. The issue comes at a time when the company has proposed to merge troubled home loan provider Dewan Housing Finance (DHFL) with itself.
The bonds are rated AA by CARE agency and come with the assurance that, should the rating fall by even one notch to AA-, the coupon rate would stand increased by 0.50%. For every notch of rating downgrade thereafter, the coupon would be increased by 0.50% per notch. If the long-term credit rating of the non-convertible debentures (NCDs) is downgraded to A- or below, the holders would reserve the right to recall the outstanding principal amo ....

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