Piramal Enterprises zooms on getting nod to raise Rs 5,400 crore

Piramal Enterprises Ltd. - (Amalgamated) | Finance - NBFC | BFSI | BSE: 500302 | NSE: PEL

29 Oct 2019 Evaluate

Piramal Enterprises is currently trading at Rs. 1647.10, up by 47.25 points or 2.95% from its previous closing of Rs. 1599.85 on the BSE.

The scrip opened at Rs. 1620.00 and has touched a high and low of Rs. 1656.20 and Rs. 1606.20 respectively. So far 24230 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2795.95 on 01-Apr-2019 and a 52 week low of Rs. 1302.00 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 1759.00 and Rs. 1425.20 respectively. The current market cap of the company is Rs. 32740.09 crore.

The promoters holding in the company stood at 46.10%, while Institutions and Non-Institutions held 38.59% and 15.31% respectively.

Piramal Enterprises’ board has approved fresh capital raise of around Rs 5,400 crore ($770 Million) through a Rights Issue and preferential allotment of Compulsory Convertible Debentures (CCDs). The Rights Issue of around Rs 3,650 crore ($ 520 Million) at Rs 1,300 per share, is intended to give an opportunity to all its existing shareholders to participate in the capital raise at an attractive price. The Promoters will participate in and are committed to the success of the Rights Issue.

In addition, the company plans to raise around Rs 1,750 crore ($250 Million) through the preferential allotment of CCDs (at a conversion price of Rs 1,510 per share) to Canadian institutional investor, Caisse de depot et placement du Quebec (CDPQ). The preferential allotment will take place by end November 2019 and the Rights Issue is expected to be completed by end February 2020.

Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.

Piramal Ent - Amalga Share Price

1124.60 0.00 (0.00%)

22-Sep-2025 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	955.05
Shriram Finance	1007.95
Aditya Birla Capital	363.05
Chola Invest & Fin.	1676.05
Tata Capital	321.70
View more..

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