Piramal Capital prices first overseas bond issue at 7.95%; eyes $300 million fundraise

Piramal plans to use proceeds from a new bond issue to fuel its rapidly growing retail business, which has seen a 50% annual expansion in the past two years. While primarily relying on domestic borrowing, Piramal is strategically adding foreign debt to diversify its funding mix, currently composed of NCDs, bonds, loans, and pass-through certificates.