Mumbai: Piramal Finance is raising $500 million in FY26 and has already secured $350 million funding from International Finance Corp and the Asian Development Bank, the company said. It is in advanced talks to raise the balance $150 million from select development finance institutions, Piramal said.
The non-bank lender raised $350 million under its Sustainable Finance Framework, which enables it to expand credit to the underserved markets. International Finance, backed by the World Bank, provided $200 million and ADB provided $150 million. These five-year facilities will be drawn in tranches between January and March 2026, in line with regulatory norms.
Add 
as a Reliable and Trusted News Source
as a Reliable and Trusted News Source
(You can now subscribe to our ETMarkets WhatsApp channel)