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Piramal Enterprises to raise Rs 300 crore via NCDs

10 Jun 2016 Evaluate

Piramal Enterprises is planning to raise Rs 300 crore by issuing 3000 Secured, Rated, Umlisted, Redeemable, Non-convertible debentures (NCDs) of face value of Rs 10 lakh each, on private placement basis. The NCDs will have tenure of 1001 days and carry a coupon rate of 9.57% per annum.

Piramal Enterprises is one of the leading players globally in CRAMS (custom research and manufacturing services) as well as in the critical care segment of inhalation and injectable anaesthetics. It also has a strong presence in the OTC segment in India.

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