These bonds are proposed to be listed on the wholesale debt market segment of the National Stock Exchange, it added.
Piramal Enterprises said it would raise Rs 590 crore through allotment of secured redeemable non-convertible bonds on a private placement basis.
At the meeting of the Administrative Committee of the Board, the committee approved the allotment of 5,900 secured redeemable non-convertible bonds having the face value of Rs 10 lakh only each, aggregating to Rs 590 crore on private placement basis.These bonds are proposed to be listed on the wholesale debt market segment of the National Stock Exchange, it added.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .