Piramal Enterprises update on proposed rights issue

Piramal Enterprises announced that the Committee of Directors (Rights Issue), at its meeting held on 19 January 2018, has approved the following:

1. Fixed record date for the purpose of determining the shareholders eligible to apply for the Issue as 01 February 2018; and

2. Fixed rights entitlement ratio as 1 (One) Equity Share for every 23 (Twenty-three) fully paid-up Equity Shares held by the eligible shareholders of the Company as on record date and the holders of compulsorily convertible debentures.

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