Piramal Finance QIP gets 10x demand; bids worth ₹21,000 crore

Piramal Finance's ₹2,100-crore QIP attracted bids worth around ₹21,000 crore, nearly 10 times the issue size, from global investors and major Indian mutual funds. BlackRock and Goldman Sachs Asset Management were among the participants. The issue was priced at ₹2,110 per share. The fundraise will strengthen capital buffers and support the lender's retail lending expansion.