Piramal Enterprises update on proposed rights issue

Image
Capital Market
Last Updated : Jan 19 2018 | 6:50 PM IST
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.

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: Jan 19 2018 | 6:21 PM IST

Next Story