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
Piramal to takeover DHFL loans? Yes Bank, Canara Bank, Union Bank of India may benefit | Jefferies Highlights Piramal to takeover DHFL loans? Yes Bank, Canara Bank, Union Bank of India may benefit | Jefferies Highlights
Stock Market: Sensex inches near 38K, Nifty rises 148 points; Central Bank, Piramal Enterprises shares gain Stock Market: Sensex inches near 38K, Nifty rises 148 points; Central Bank, Piramal Enterprises shares gain
Carlyle, Piramal Pharma sign agreement on 20% strategic growth investment Carlyle, Piramal Pharma sign agreement on 20% strategic growth investment
Exclusive: Piramal Enterprises to sell 15-20 pct stake in pharma biz, sources say Exclusive: Piramal Enterprises to sell 15-20 pct stake in pharma biz, sources say
Stocks in Focus on May 12: IRCTC, Piramal Enterprises, Indigo, SpiceJet to Maruti Suzuki; here are expected newsmakers of the day Stocks in Focus on May 12: IRCTC, Piramal Enterprises, Indigo, SpiceJet to Maruti Suzuki; here are expected newsmakers of the day

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.

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.