MoneyWorks4Me

Piramal Enterprises raises Rs 1,750 crore via preferential allotment of CCDs

20 Dec 2019 Evaluate

Piramal Enterprises has completed a fundraising of Rs 1,750 crore through preferential allotment of compulsory convertible debentures (CCDs) to Canadian institutional investor Caisse de depot et placement du Quebec (CDPQ). The compulsory conversion of CCDs into equity shares will take place within 18 months from the date of allotment.

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

Peers