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Piramal Enterprises gets nod to raise Rs 102 crore via NCDs

13 Jul 2021 Evaluate

Piramal Enterprises has received approval for the allotment of 1,020 Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures (NCDs) each having a face value of Rs 10,00,000, aggregating to Rs 102 crore on private placement basis. These Debentures are proposed to be listed on Debt Market segment of NSE. The Meeting of Administrative Committee (‘Committee’) of the Board of Directors of the Company held on July 12, 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.

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