Additional Information
| Effective yeild | 10.90% |
|---|---|
| Investment Amount | |
| Interest Payment Frequency | |
| Coupon | 6.75% |
| Face value | 1,000/- |
| Maturity Date | 28-Sep-2031 (Partial redemption of 2.50% every coupon payment starting from 28-Mar-2022 till 28-Sep-2026 & redemption of 7.50% thereafter till 26-Sep-2031) |
| Ratings | AA by ICRA & CARE |
About Company
- Piramal Capital & Housing Finance Limited (PCHFL), a wholly‐owned subsidiary of Piramal Enterprises Limited (PEL), is registered as a housing finance company with National Housing Bank (NHB) and is engaged in various financial services businesses.
- The erstwhile PCHFL was reverse merged with DHFL with effect from 30 Sept’21 and the amalgamated entity (DHFL) was renamed Piramal Capital & Housing Finance Limited.
- PCHFL’s Group companies provide customized strategies to institutional and retail investors that include Mumbai
Redevelopment Fund and Apartment Fund. - In FY23, PCHFL reported a profit after tax of Rs. 1,034 crore on a total income of Rs. 5,088 crore compared to a PAT of Rs. 30.48 crore on a total income of Rs. 5,623 crore in FY20.
- Strong Board and Management Team: PCHFL board is headed by Mr Ajay Piramal who is promoter and chairman of
Piramal Group. Along with that management and board members have vast experience in the related fields of the
business.
