Piramal Enterprises board approves allotment of NCDs worth Rs102cr

The company has approved the allotment of 1,020 NCDs on a private placement basis.

Jul 13, 2021 12:07 IST India Infoline News Service

Piramal Enterprises Limited board on Monday has approved the allotment of 1,020 Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures (NCDs) each having a face value of Rs10 lakhs aggregating to Rs102cr on a private placement basis.

These Debentures are proposed to be listed on the Debt Market segment of NSE, company said in a filing on Monday.

At around 12.47 PM, Piramal Enterprises Ltd was trading at Rs2,317.35 per piece up by Rs9.65 or 0.42% from its previous closing of Rs2,307.70 per piece on the BSE.
The scrip opened at Rs2,313 and has touched a high and low of Rs2,331.60 and Rs2,313 respectively, during intraday trade on Tuesday.

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