The company, however, did not disclose what it intended to do with the money to be raised.
A meeting of the administrative committee of the company's board will be held on June 23 to consider and approve the issue of unsecured non-convertible debenture on private placement basis, Piramal Enterprises said in a BSE filing.
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Shares of Piramal Enterprises today closed 0.19 per cent lower at Rs 2,908.40 per scrip on BSE.
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