MoneyWorks4Me

Piramal Enterprises planning to raise capital via NCDs

07 Jun 2019 Evaluate

Piramal Enterprises is planning to raise capital through issue of secured, Redeemable Non-Convertible Debentures (NCDs) on private placement basis. The issue size of the NCDs is upto Rs 200 crore with an option to retain oversubscription of upto Rs 100 crore. The total size of the issue is Rs 300 crore. The Board of Directors of the Company at its meeting to be held on June 11, 2019 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.

Peers