Piramal Enterprises board to mull fund raising up to Rs 750 cr

21 Sep 2022 , 10:05 AM

The companys board will consider and approve the issue of secured, rated, listed, redeemable, principal protected, market linked non-convertible debentures up to Rs 50 crore along with an option to retain oversubscription up to Rs 700 crore, the total size aggregating up to Rs 750 crore, on a private placement basis. Piramal Enterprises (PEL) is one of the large companies in India, with a presence in financial services and pharmaceuticals. The companys consolidated net profit declined 8% to Rs 496.09 crore despite of a 22% increase in net sales to Rs 3,548.37 crore in Q1 FY23 over Q1 FY22. Shares of Piramal Enterprises declined 1.58% to Rs 954.45 on the BSE. Powered by Capital Market – Live News