Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs
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Piramal Enterprises is currently trading at Rs. 822.75, up by 2.35 points or 0.29% from its previous closing of Rs. 820.40 on the BSE.
The scrip opened at Rs. 818.05 and has touched a high and low of Rs. 827.10 and Rs. 818.05 respectively. So far 8770 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. 828.50 and Rs. 785.70 respectively. The current market cap of the company is Rs. 19607.42 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 is planning to raise up to Rs 250 crore through 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 up to Rs 200 crore on a private placement basis. A meeting of the Administrative Committee of the Board of Directors of the Company will be held on December 01, 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.
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