Piramal Capital & Housing Finance sells property in Mumbai for Rs 187 crore to Shoquba Realty, ET RealEstate

October 5, 2024
1 min read
Piramal Capital & Housing Finance sells property in Mumbai for Rs 187 crore to Shoquba Realty, ET RealEstate


<p>Representative image </p>
Representative image

NEW DELHI: Piramal Capital & Housing Finance (PCHFL), a wholly-owned subsidiary of Piramal Enterprises, has sold its immoveable property comprising of land & building situated at Santacruz East, Mumbai for a total consideration of Rs 187 crore to Shoquba Realty.

In a separate regulatory filing, the company also said that it has raised $150 million through a global bond sale. The bonds will be issued at a yield of 7.80 per cent and will have to be repaid in 3.32 years.

In July 2024, it had raised USD 300 million from a sustainability bond issuance and achieved a 0.87 per cent improvement in pricing as against the 7.950 for the bonds issued in July 2024.

  • Published On Oct 5, 2024 at 09:00 AM IST

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