Piramal Enterprises has received an approval to issue Secured Non-convertible Market Linked Debentures (MLDs) on private placement basis. The Administrative Committee of the Board of Directors of the Company at their meeting held on January 02, 2019, consider the same.
The size of the issue will be Rs 100 crore with green shoe option of Rs 100 crore such that the total value shall not exceed Rs 200 crore. These Non-Convertible MLDs are proposed to be listed on Wholesale Debt market segment of NSE.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.