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.

Piramal Enterprises plans to raise up to Rs 2,650 crore via NCDs
In a regulatory filing, Piramal Enterprises said, at the meeting of administrative committee of the board of directors. PTI
Written By: PTI
Updated: Fri, Dec 21, 2018
12:34 pm
PTI
RELATED NEWS
Stocks in Focus on August 8: Maruti, Sical Logistics to Phoenix Mills; here are the 5 Newsmakers of the Day Stocks in Focus on August 8: Maruti, Sical Logistics to Phoenix Mills; here are the 5 Newsmakers of the Day
Piramal Enterprises share price climbs as CRISIL reaffirms highest rating to PCHFL for commercial paper programme worth Rs 10,500 crore Piramal Enterprises share price climbs as CRISIL reaffirms highest rating to PCHFL for commercial paper programme worth Rs 10,500 crore
Piramal Enterprises sells entire stake in Shriram Transport Finance for approx Rs 2,305 cr Piramal Enterprises sells entire stake in Shriram Transport Finance for approx Rs 2,305 cr
Piramal Enterprises, Canadian pension fund board set up $600 mn renewable energy trust Piramal Enterprises, Canadian pension fund board set up $600 mn renewable energy trust
Piramal Enterprises plans to raise Rs 2,500 cr via NCD allotment Piramal Enterprises plans to raise Rs 2,500 cr via NCD allotment

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

Shares of Piramal Enterprises were trading 0.59 per cent higher at Rs 2,303.80 a piece on BSE.