Piramal Enterprises has received an approval for the issuance of Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures (NCDs) up to Rs 50 crore along with an option to retain over subscription of up to Rs 585 crore, aggregating up to Rs 635 crore on private placement basis. Debentures are proposed to be listed on the Debt Segment of National Stock Exchange of India. The Meeting of Administrative Committee of the Board of Directors of the company held on July 5, 2021 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.
