Piramal Enterprises plans to raise up to Rs 2,650 crore via NCDs
Piramal Enterprises (PEL) is the flagship company of the Piramal group and has presence in healthcare and financial services verticals.
New Delhi: Piramal Enterprises Friday said it plans to raise up to Rs 2,650 crore through the issuance of non-convertible debentures (NCDs) on private placement basis.
In a regulatory filing, Piramal Enterprises said, at the meeting of administrative committee of the board of directors. The committee approved to issue up to 26,250 secured non-convertible debentures (NCDs) of up to Rs 2,625 crore (including green shoe option) on private placement basis in four series.
The NCDs are proposed to be listed in the wholesale debt market segment of the NSE, the company said.
Piramal Enterprises (PEL) is the flagship company of the Piramal group and has presence in healthcare and financial services verticals.
Watch This Zee Business Tweet Video
जी बिजनेस स्पेशल #2019MyPick में आज क्राफ्ट वेल्थ मैनेजमेंट के MD, आशीष कुकरेजा से जानिए कौन सा है वो शेयर जो शर्तिया कराएगा आपकी कमाई।@AnilSinghviZEE @deepaliranaa @kunalsaraogi @iamrakeshbansal pic.twitter.com/9zZlb2aB5E
— Zee Business (@ZeeBusiness) December 21, 2018
Shares of Piramal Enterprises were trading 0.59 per cent higher at Rs 2,303.80 a piece on BSE.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Shark Tank India: This startup gets blank check offer as revenue soars 10 times in 15 months, resulted in clash between judges
Hindustan Unilever, Polycab India and 3 other stocks can offer up to 50% return in 1 year - Check targets by brokerage
40,000 pension per month: How to get Rs 40,000 as pension every month by investing in NPS? Know the calculation
EDLI Scheme: Do you know EPFO provides Rs 7 lakh insurance cover to every member? Know about calculation, contribution, and claim process
Top 5 large and mid cap SIP mutual funds in 5 Years: Rs 20,000 SIP in top fund has given a total of Rs 28.22 lakh
12:34 PM IST