Piramal Enterprises has raised funds worth Rs 1,600 crore through the allotment of 16,000 secured, rated, unlisted redeemable non-convertible debentures (NCDs) each having a face value of Rs 10 lakh on private placement basis. The Administrative Committee of the Board of Directors of the company at their meeting held on December 30, 2019, has approved the same.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.