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Last Updated : May 20, 2020 01:03 PM IST | Source: PTI

Piramal Enterprises board approves Rs 500 crore NCD issue

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.

PTI
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Representative Image

Diversified group Piramal Enterprises on Wednesday said its board 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.

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The Mumbai-headquartered Piramal Group has presence across pharma, financial services, real estate and glass packaging.

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First Published on May 20, 2020 12:55 pm
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