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Piramal Enterprises gets nod to raise Rs 500 crore through NCDs

20 May 2020 Evaluate
Piramal Enterprises has received approval to issue secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) on private placement basis aggregating to Rs 500 crore. These NCDs are proposed to be listed on Wholesale Debt Market segment of NSE.

The Meeting of Administrative Committee of the Board of Directors held on May 20, 2020, has considered and approved the same.

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

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