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Piramal Enterprises planning to raise fund though NCDs

09 Aug 2017 Evaluate

Piramal Enterprises is planning to issue secured Non-Convertible Debentures (NCDs) upto Rs 75 crore with an option to retain over-subscription of Rs 300 crore on private placement basis. The meeting of Administrative Committee of the Board of Directors of the company will be held on August 11, 2017, 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.