Piramal Enterprises surges on planning to raise Rs 700 crore via NCDs
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Piramal Enterprises is currently trading at Rs. 2220.00, up by 74.10 points or 3.45% from its previous closing of Rs. 2145.90 on the BSE.
The scrip opened at Rs. 2160.00 and has touched a high and low of Rs. 2232.40 and Rs. 2160.00 respectively. So far 1018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1616.10 on 14-May-2021.
Last one week high and low of the scrip stood at Rs. 2232.40 and Rs. 2105.75 respectively. The current market cap of the company is Rs. 51214.84 crore.
The promoters holding in the company stood at 43.49%, while Institutions and Non-Institutions held 43.47% and 13.04% respectively.
Piramal Enterprises is planning to raise fund by issue 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 up to Rs 650 crore, the total size aggregating up to Rs 700 crore, on a private placement basis. The meeting of the Administrative Committee of the Board of Directors of the company will be held on May 4, 2022, to consider and approve the same.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
