Piramal Enterprises is planning to raise Rs 1,750 crore through an issue of compulsorily convertible debentures, convertible into equity shares, by way of preferential issue. The proposal was approved at the company’s extraordinary general meeting (EGM) on November 25, 2019.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.