Piramal Enterprises to raise Rs 500 crore through NCDs
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Piramal Enterprises is planning to raise Rs 500 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 450 crore on a private placement basis. A meeting of the Administrative Committee of the Board of Directors of the Company will be held on July 14, 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.
