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Piramal Enterprises gets nod to raise funds up to Rs 600 crore

18 Sep 2017 Evaluate

Piramal Enterprises has received an approval 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, and there is an option to retain over-subscription of Rs 400 crore, aggregating the total issue size to Rs 600 crore. The committee of its board at its meeting held on September 15, 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.  


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