Piramal Enterprises is looking to raise up to Rs 600 crore by issuing Non Convertible Debentures (NCDs) on private placement basis. The issue size is up to Rs 200 crore, there is an option to retain over-subscription of Rs 400 crore, aggregating the total issue size to Rs 600 crore. A meeting of the administrative committee of the board of directors will be held on September 15, 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.
