Piramal Enterprises Tuesday said its board will meet later this week to consider raising of up to Rs 2,000 crore via issue of securities.
A meeting of the administrative committee of the company's board will be held on December 21, to consider and approve the issue of secured non-convertible debentures (NCD) on private placement basis, Piramal Enterprises said in a regulatory filing.
The NCD issue size is of Rs 1,000 crore with an option to retain over subscription of another Rs 1,000 crore, it added.
Piramal shares Tuesday ended 1.55 per cent up at Rs 2,183.15 on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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