The company however did not provide any details regarding what it intended to do with the amount.
A meeting of the Administrative Committee of the board will be held on June 14, 2017, "to consider and approve the issue on private placement basis of secured non-convertible debentures amounting up to Rs 400 crore with a green shoe option of Rs 200 crore, not exceeding total issue size of Rs 600 crore", Piramal Enterprises said in a BSE filing.
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