Piramal Enterprises has raised Rs 50.65 crore through the allotment of 505 Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures (NCDs) each having a face value of Rs 10,00,000, at a further issue price of Rs 10,03,003 per Debenture, on private placement basis. These Debentures are proposed to be listed on the Debt Segment and Capital Market Segment of National Stock Exchange of India (NSE) and BSE respectively, and NSE being the designated Stock Exchange. The Meeting of Administrative Committee (‘Committee’) of the Board of Directors of the Company held on November 9, 2022, has approved allotment of the same.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
