Piramal Enterprises has received an approval for issue of secured Non-Convertible Debentures (NCDs) up to Rs 250 crore with an option to retain over-subscription of up to Rs 150 crore, aggregating the total issue size to Rs 400 crore on private placement basis. These NCDs are proposed to be listed on Wholesale Debt Market segment of NSE. A meeting of the administrative committee of the board of directors held on September 13, 2017, has approved for the same.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.