Piramal Enterprises to mull fund raising via NCDs on December 1
India Infoline News Service |
30 Nov, 2022 |
A meeting of the Administrative Committee of the Board of Directors of Piramal Enterprises Limited will be held on Thursday, December 01, 2022, to consider and approve fund raising through NCDs.
As per the filing, the Board will consider the issue of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures up to Rs50 crore along with an option to retain oversubscription up to Rs200 crore, the total size aggregating up to Rs250 crore, on a private placement basis, the company said.
At around 3:00 PM, Piramal Enterprises Ltd is currently trading at Rs825 per share up by Rs5.05 or 0.62% from its previous closing of Rs819.95 per share on the BSE.
The scrip opened at Rs821.20 per share and has touched a high and low of Rs827.55 per share and Rs817 per share respectively so far today. The current market cap of the company is Rs19,569.23 crore.
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