12-01-2022 01:25 PM | Source: Accord Fintech
Piramal Enterprises shines on getting nod to raise up to Rs 250 crore
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Piramal Enterprises is currently trading at Rs. 857.00, up by 32.55 points or 3.95% from its previous closing of Rs. 824.45 on the BSE.

The scrip opened at Rs. 824.45 and has touched a high and low of Rs. 861.70 and Rs. 824.45 respectively. So far 38349 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,617.82 on 13-Dec-2021 and a 52 week low of Rs. 785.00 on 18-Nov-2022.

Last one week high and low of the scrip stood at Rs. 861.70 and Rs. 792.05 respectively. The current market cap of the company is Rs. 20443.93 crore.

The promoters holding in the company stood at 43.48%, while Institutions and Non-Institutions held 39.91% and 16.60% respectively.

Piramal Enterprises has received approval for the issuance of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures (NCDs) up to Rs 50 crore along with an option to retain oversubscription of up to Rs 200 crore, aggregating up to Rs 250 crore on private placement basis. The meeting of Administrative Committee of the Board of Directors held on November 28, 2022 approved the same.

Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.