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Piramal Enterprises plans to raise up to Rs 600 crore on private placement basis

12 Jun 2017 Evaluate

Piramal Enterprises is planning to raise up to Rs 600 crore on private placement basis. The meeting of the Administrative Committee of the Board of Directors of the company will be held on June 14, 2017, to consider and approve the issue on private placement basis of Secured Non-Convertible Debentures (NCDs) amounting up to Rs 400 crore with a Greenshoe option of Rs 200 crore, not exceeding total issue size of Rs 600 crore.

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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