The base issue size is of Rs 50 crore along with a green shoe option to retain over subscription of up to Rs 100 crore, aggregating to Rs 150 crore. These secured, rated, listed, redeemable, NCDs have a coupon rate of 9.5% per annum paid annually and on redemption date, which is 7 July 2034. The debentures are proposed to be listed on the wholesale debt market (WDM) segment of the Bombay Stock Exchange (BSE)/ National Stock Exchange (NSE). NSE is the designated stock exchange. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. The scrip ended 0.33% higher at Rs 1,004.40 on the BSE.Powered by Capital Market - Live

The headline equity benchmarks traded with minor gains in afternoon trade. The Nifty traded above the 24,550 mark after hitting the day's low of 24,522.95 in mid-morning trade. Oil & gas, PSU bank and metal shares advanced while auto, private bank and financial services shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, rose 52.09 points or 0.06% to 80,486.46. The Nifty 50 index added 40.10 points or 0.16% to 24,581.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.41% and the S&P BSE Small-Cap index rallied 1.25%. The market breadth was strong. On the BSE, 2,707 shares rose and 1,251 shares fell. A total of 147 shares were unchanged. Economy: India's forex reserves declined $4.8 billion to $670.119 billion for the week ended August 9, according to the latest RBI data. In the previous reporting week, the country's foreign exchange reserves had increased $7.533 billion to an all-time high of $674.919 billion. For the week ended August 9, foreign currency assets, a major component of the reserves, decreased by $4.079 billion to $587.96 billion. Gold reserves declined by $860 million to $59.239 billion during the week. The special drawing rights (SDRs) were up by $121 million to $18.282 billion. India's reserve position with the IMF increased by $18 million to $4.638 billion in the reporting week, the central bank data showed. Gainers & Losers: Hindalco Industries (up 3.48%), Bharat Petroleum Corporation (up 2.84%), Tata Steel (up 2.83%), LTIMindtree (up 2.36%) and Shriram Finance (up 2%) were major Nifty gainers. Mahindra & Mahindra (down 1.80%), SBI Life Insurance Company (down 1.11%), Axis Bank (down 0.99%), Bharti Airtel (down 0.93%) and Grasim Industries (down 0.84%) were major Nifty losers. Stocks in Spotlight: Piramal Enterprises (PEL) rallied 3.27% after the NBFC informed that its promoter group entity purchased 6.16 lakh equity shares, representing 0.27% of the total paid-up share capital of the company. Meanwhile, the board of PEL will meet on Wednesday, 21 August 2024 to consider issuing non-convertible debentures (NCDs) aggregating up to Rs 150 crore on private placement basis. Glenmark Pharmaceuticals gained 3.79% after the company's subsidiary Glenmark Therapeutics Inc., USA, announced the launch of OTC product Olopatadine Hydrochloride Ophthalmic Solution. DCX Systems was locked in an upper circuit of 5% after the company informed that it has received orders worth Rs 107.08 crore from domestic and overseas customers. Veranda Learning Solutions advanced 3.56% after the company said that it has partnered with Jumeira University Connect, the training arm of Jumeira University, to introduce a Chartered Accountancy (CA) preparation course for students in the UAE. Genus Power Infrastructures was locked in an upper circuit of 5% after the company announced that its wholly-owned subsidiary received three letters of awards (LOA) worth totaling to Rs 2,925.52 crore. Tejas Networks rose 1.40% after the company's wholly owned subsidiary, Saankhya Labs has received an order from NewSpace India for supplying two-way Mobile Satellite Service (MSS) Terminals for various purposes. Caplin Point Laboratories surged 12.66% after the Brazilian Health Regulatory Agency (ANVISA) concluded its inspection at Gummidipoondi facility, in Chennai in Tamil Nadu with zero observations. JNK India rallied 3.24% after the heating equipment maker on Friday announced that it has received a 'major' order from Hindustan Petroleum Corporation (HPCL). Techno Electric & Engineering Company (Techno Electric) jumped 4.50% after the company partnered with IndiGrid to develop two IndiGrid's Greenfield interstate transmission Systems (ISTS) projects. Global Markets: Europeans stocks declined while Asian stocks traded mixed on Monday as investors weighed optimism about a US economic soft landing against concerns over the global growth outlook. Expectations of cooling inflation and a potential easing cycle by the Federal Reserve buoyed sentiment. However, investors remained cautious ahead of key US economic data this week and Federal Reserve Chair Jerome Powell's speech on Friday. In Asia, market participants will closely monitor central bank meetings in Indonesia and South Korea for potential rate adjustments. Thailand's policy decision is particularly awaited given uncertainties surrounding the new government's economic plans. US stocks rebounded from earlier losses to close higher on Friday, as a report showing improved consumer sentiment boosted investor confidence. The Dow Jones Industrial Average rose 0.24%, the S&P 500 climbed 0.20% and the Nasdaq Composite gained 0.21%. The University of Michigan's gauge of consumer sentiment rose to 67.8 in a preliminary August reading, up from 66.4 in the prior month. It is the first gain after four months of declines. Powered by Capital Market - Live

In a regulatory filing, the NBFC said that on 16 August 2024, an entity within the promoter group purchased 6,16,615 equity shares of PEL, representing 0.27% of the company's paid-up capital, on the National Stock Exchange of India (NSE). As a result of this purchase, the promoter group's shareholding in PEL has increased from 46.03% to 46.30%. 'The promoters have consistently demonstrated their confidence in the growth trajectory of PEL. This latest acquisition of shares aligns with that belief, further reflecting their trust in the company's business fundamentals, future plans, and value creation potential. In addition, the promoters/promoter group did not participate in the buy-back of PEL shares in 2023.' Meanwhile, the NBFC had announced that its Administrative Committee of the board of directors will consider and approve the issue of secured, rated, listed, redeemable, non-convertible debentures up to Rs 50 crore along with the green shoe option to retain oversubscription up to Rs 100 crore, the total size aggregating up to Rs 150 crore, having a face value of Rs 1 lakh each, on a private placement basis. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. Powered by Capital Market - Live

In a regulatory filing, the NBFC said that its Administrative Committee of the board of directors will consider and approve the issue of secured, rated, listed, redeemable, NCDs up to Rs 50 crore along with the green shoe option to retain oversubscription up to Rs 100 crore, the total size aggregating up to Rs 150 crore, having a face value of Rs 1 lakh each, on a private placement basis. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. Shares of Piramal Enterprises surged 7.43% to settle at Rs 946.85 on Friday, 16 August 2024. Powered by Capital Market - Live

Net profit of Piramal Enterprises declined 64.33% to Rs 181.48 crore in the quarter ended June 2024 as against Rs 508.78 crore during the previous quarter ended June 2023. Sales declined 25.66% to Rs 2068.55 crore in the quarter ended June 2024 as against Rs 2782.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2068.552782.51 -26 OPM %65.8161.80 - PBDT195.24719.13 -73 PBT144.22681.93 -79 NP181.48508.78 -64 Powered by Capital Market - Live

Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. Net interest income (NII) grew by 18% year on year (YoY) to Rs 807 crore during the quarter. Pre-provision operating profit (PPOP) was at Rs 270 crore during the quarter, up 3% from Rs 263 crore reported in corresponding quarter last year. Total assets under management (AUM) grew by 10% YoY to Rs 70,576 crore, led by its growth business. During the quarter, Retail to Wholesale AUM mix improved to 72:28 from 33:67 in FY22. During the quarter, the Growth to Legacy Assets Under Management (AUM) mix improved to 82:18, up from 34:66 in FY22. Retail AUM jumped 43% YoY to Rs 50,530 crore in Q1 FY25 and Wholesale 2.0 AUM grew by 11% QoQ to Rs 7,071 crore. The company's consolidated balance sheet shows a net worth of Rs 26,863 crore, with a capital adequacy ratio of 24.4%. During the quarter, the consolidated Gross Non-Performing Assets (GNPA) ratio decreased to 2.7%, down from 2.8% in Q1 FY24. Similarly, the Net Non-Performing Assets (NNPA) ratio fell to 1.1%, compared to 1.5% in Q1 FY24. The operating expense-to-AUM ratio for the Growth business decreased by 104 basis points YoY to 4.6%. The company's borrowing cost remained stable at 8.9% in Q1 FY25. Ajay Piramal, chairman, Piramal Enterprises, said, 'The Q1 FY25 results show two important trends that highlight our progress and strategy. First, our Growth business continues to build on the momentum established over the past two to three years, now representing the majority of our Assets Under Management (AUM) and net profit. Second, we continue to reduce our legacy discontinued AUM. Notably, in Q1 FY25, the decline of Rs 1,597 crore in legacy AUM had no impact on our profit and loss statement from credit cost. The expansion of our Growth business reflects our strategy to balance growth, risk and profitability as we develop these businesses. Our asset quality remains stable across retail and wholesale products. Further, our Opex-to-AUM - a key driver of profitability - is consistently decreasing. We are also making progress in diversifying our borrowings. We successfully raised our first-ever $300 million dollar bond in July 2024, which received a 4X level of demand. We are pleased to see that the foundations for long term sustainable growth and earnings are firmly in place, and we anticipate that the upcoming quarters will demonstrate a consistent journey along this path.' Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth ~$10 billion, with a network of branches across 26 states/UTs.Powered by Capital Market - Live

Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live