Piramal Enterprises has received an approval of Board for raising up to Rs 2,750 crore by issuing bonds on private placement basis. At the Meeting of Administrative Committee of the Board of Directors held on December 28, 2019, the Committee approved the issue of secured, rated, unlisted, Redeemable Non-Convertible Debentures aggregating up to Rs 2,750 crore on private placement basis. The money can be raised in one or more tranches from time to time.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
