Now PEL is putting a timeline when they want to bring equity in the business as per above report.
Based on the report it does not looks like PEL is desperate for raising the money (I am sure they are keen on raising the money, but not desperate)
The Company remains committed to bring in ~INR 8,000-10,000 Crores of equity in the Financial Services business during this financial year, which would further reduce leverage to less than 2x times