Piramal Enterprises is planning to raise funds through issue of Secured Non-Convertible Debentures (NCDs) on private placement basic. The company is planning to issue NCDs of Rs 1,000 crore, with an option to retain over subscription of Rs 2,000 crore. The Administrative Committee of the Company at its meeting to be held on December 21, 2018, to consider the same.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.