Piramal Enterprises is planning to raise of up to Rs 5,000 crore through various modes such as issuance of equity shares, Global Depository Receipts, American Depository Receipts and bonds. The company has received shareholders’ approval for the same.
It also posted a 61 per cent rise in consolidated net profit at Rs 311 crore for the fourth quarter ended March 31, compared with Rs 193 crore recorded during the same period a year ago. The company’s revenues rose 46 per cent to Rs 2,463 crore during the quarter under reporting, compared with Rs 1,691 crore during the year-ago period.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Healthcare, Healthcare Information Management and Financial Services.
