Piramal Finance: Planning Big Moves in Local and Global Loans

Piramal Finance is making big plans to borrow money. They want to get 300 billion rupees by the end of this financial year. That's a lot of money! Half of that amount has already been borrowed. The company's CEO, Jairam Sridharan, shared this news. Most of the money will come from local sources. About 40% will be from bank loans. The rest will come from local bonds, external loans, securitization, and loans from big international organizations. Piramal Finance is not a bank, but it still manages a lot of money. They want to grow their assets under management to over 1 trillion rupees by March. Right now, they have about 900 billion rupees. They might borrow between $500 million and $800 million from outside India. But they won't use dollar bonds. Why? Because borrowing in local currency is cheaper right now. So, it makes more sense to stick with local options. This is a smart move. It shows that Piramal Finance is thinking carefully about where to get their money. They are choosing the cheapest and most reliable sources. This way, they can grow their business without taking too many risks.