Piramal Enterprises has informed that at the Meeting of Administrative Committee of Board of Directors of the Company held on June 10, 2016, the Committee approved the issue of Secured Non-Convertible Debentures (NCDs) aggregating up to Rs 300 crores on a private placement basis. The meeting commenced at 10:00 a.m. and concluded at 10:30 a.m.
The above information is a part of company’s filings submitted to BSE.