Piramal to raise 500-Crore in NCD

Piramal Enterprises has approved the proposal to raise up to Rs 500 crore through issue of securities on a private placement basis. The meeting of administrative committee of the board of directors has approved the issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on priv

BY Realty Plus
Published - Friday, 22 May, 2020

Piramal Enterprises has approved the proposal to raise up to Rs 500 crore through issue of securities on a private placement basis. The meeting of administrative committee of the board of directors has approved the issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on private placement basis, Piramal Enterprises said in a regulatory filing. The NCDs are proposed to be listed on wholesale debt market segment of NSE, it added.