New Delhi: Piramal Enterprises Ltd on Monday said it plans to raise 2,500 crore by issuing non-convertible debentures (NCDs) on private placement basis. The administrative committee of the company’s board has approved allotment of 25,000 secured redeemable NCDs having face value of 10 lakh each, aggregating to 2,500 crore on private placement basis, Piramal Enterprises said in a BSE filing. These NCDs are proposed to be listed on wholesale debt market segment of NSE, it added.

At 2.15pm, Piramal Enterprises shares were trading 0.94%% up at 2,317.00 while NSE Nifty was 0.16% lower at 10,737.30 points.