Piramal Enterprises allots 1.15 cr equity shares on conversion of CCDs

Image
Capital Market
Last Updated : Jun 14 2021 | 9:05 PM IST
Piramal Enterprises approved allotment of 1,15,89,400 equity shares of face value of Rs.2 each at a premium of Rs. 1,508 per share pursuant to compulsory conversion of 1,15,894 Compulsorily Convertible Debentures (CCDs) of face value of Rs.1,15,000 each aggregating Rs. 1,749,99,94,000. These equity shares are proposed to be listed on BSE and National Stock Exchange of India.

Pursuant to the aforesaid allotment, the paid up share capital of the Company stands increased from 22,55,38,356 equity shares of Rs.2 each amounting to Rs. 45,10,76,712 to 23,71,27,756 equity shares of Rs.2 each amounting to Rs. 47,42,55,512.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 14 2021 | 8:52 PM IST

Next Story