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Piramal Capital & Housing Finance (PCHFL), a subsidiary of Piramal Enterprises, recently sold its immovable property in Santacruz East, Mumbai, for INR 187 crore to Shoquba Realty. The company also raised USD 150 million through a global bond sale, with a yield of 7.80 per cent due for repayment in 3.32 years. Earlier this week, PCHFL secured USD 300 million from a sustainability bond issuance, achieving a 0.87 per cent improvement in pricing compared to previous bonds issued in July 2024. These moves highlight PCHFL's focus on optimising its asset portfolio and sustainable financing.
Piramal Capital & Housing Finance (PCHFL), a fully-owned subsidiary of Piramal Enterprises, has made a significant move in the real estate market by selling its immovable property, which consists of land and a building in Santacruz East, Mumbai. The total consideration for this sale amounted to INR 187 crore, with Shoquba Realty as the buyer. This transaction reflects PCHFL's ongoing strategy to optimise its asset portfolio and enhance its financial standing. Advertisement
In a separate regulatory filing, the company revealed that it has successfully raised USD 150 million through a global bond sale. The bonds will be issued at a yield of 7.80 per cent and are due for repayment in 3.32 years. This bond issuance demonstrates the company's commitment to attracting investment while managing its debt profile effectively.
Earlier this week, PCHFL had also announced its achievement of raising USD 300 million from a sustainability bond issuance. Notably, this move resulted in a remarkable 0.87 percent improvement in pricing when compared to the 7.950 per cent yield on bonds issued in July 2024. This improvement underscores the company's focus on sustainable financing, aligning with global trends that favour environmentally friendly investments.
These financial maneuvers highlight PCHFL's strategic direction, as the company continues to leverage opportunities in the market to enhance its growth and sustainability in the competitive financial landscape.
Piramal Capital & Housing Finance (PCHFL), a subsidiary of Piramal Enterprises, recently sold its immovable property in Santacruz East, Mumbai, for INR 187 crore to Shoquba Realty. The company also raised USD 150 million through a global bond sale, with a yield of 7.80 per cent due for repayment in 3.32 years. Earlier this week, PCHFL secured USD 300 million from a sustainability bond issuance, achieving a 0.87 percent improvement in pricing compared to previous bonds issued in July 2024. These moves highlight PCHFL's focus on optimising its asset portfolio and sustainable financing.
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