Piramal Enterprises to raise Rs70.77 crore through NCDs

18 Jul 2022 , 09:17 AM

At the Meeting of Administrative Committee (‘Committee’) of the Board of Directors of Piramal Enterprises Limited held on July 15, 2022, the Committee approved allotment of 700 Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures (‘Debentures’) each having a face value of Rs10 lakh at a further issue price of Rs10,11,025/- per Debenture, aggregating to Rs70.77 crore on private placement basis.

“These Debentures are proposed to be listed on the Debt Segment and Capital Market Segment of National Stock Exchange of India Limited (‘NSE’) and BSE Limited respectively, and NSE being the designated Stock Exchange”, the company said in a regulatory filing.

At around 9:17 AM, Piramal Enterprises was trading at Rs1,666.35 per share up by Rs7.15 or 0.43% from its previous closing of Rs1,659.20 per share on the BSE.