New Delhi, Jan. 14 -- Piramal Finance Limited has raised USD 350 million in multilateral funding from the International Finance Corporation (IFC) and the Asian Development Bank (ADB), marking its first borrowing from development finance institutions.

The company is in advanced talks to secure a further USD 150 million, which would take total multilateral funding to USD 500 million by the end of FY26.

Funding Details

The funding includes USD 200 million from IFC and USD 150 million from ADB under the latter's Sustainable Finance Framework. The facilities have a five-year tenor and will be drawn in tranches between January and March 2026, subject to regulatory approvals.

Use of Proceeds

Piramal Finance said the funds will be deployed t...