The total size will aggregate up to Rs 500 crore, on a private placement basis.
The company reported 11.1% growth in consolidated net profit to Rs 887.96 crore on a 20.4% rise in net sales to Rs 3,816.16 crore in Q3 FY22 over Q3 FY21.
Shares of Piramal Enterprises shed 2.78% to Rs 2,041.95 on BSE. Piramal Enterprises (PEL) has diversified business interests in financial services and pharmaceuticals.
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