BlackRock and Goldman lead Piramal Finance's QIP as bids hit 10x oversubscription
Bids for Piramal Finance's first QIP since listing hit Rs 21,000 crore, about 10x the Rs 2,100 crore on offer. BlackRock, Goldman Sachs AM and Eastspring took the foreign slots, while a gaggle of top Indian mutual funds jumped in. The demand let Piramal price at the top of both size and range, pulling capital to fund retail lending growth.