Home >Companies >News >Piramal Enterprises to raise Rs690 crore via NCDs
Photo: Mint
Photo: Mint

Piramal Enterprises to raise Rs690 crore via NCDs

  • Board approves allotment of 6,900 secured, unrated, unlisted redeemable NCDs each having a face value of Rs10 lakh aggregating to Rs690 crore
  • Shares of Piramal Enterprises settles at Rs1,900.80 apiece on the BSE, down 0.10%

NEW DELHI : Piramal Enterprises on Monday said it is planning to raise Rs690 crore through non-convertible debentures on private placement basis.

The administrative committee of the company's board of directors at its meeting approved the allotment of 6,900 secured, unrated, unlisted redeemable non-convertible debentures each having a face value of Rs10 lakh aggregating to Rs690 crore on private placement basis, Piramal Enterprises said in a BSE filing.

The company, however, did not provide any details about what it plans to do with the money being raised.

Shares of Piramal Enterprises settled at Rs1,900.80 apiece on the BSE, down 0.10% from its previous close.

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