 "Piramal Enterprises to raise up to Rs 300 crore via NCDs")
"In the meeting of administrative committee of board of directors of the company held on June 10, 2016, the committee approved the issue of secured non-convertible debentures (NCDs) aggregating up to Rs 300 crore on a private placement basis," Piramal Enterprises said in a regulatory filing.
The Mumbai-based entity, however, has not specified the purpose of raising the fund.
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The group currently has operations in over 30 countries.
Shares of Piramal Enterprises were trading 1.32% higher at Rs 1,354 on BSE.
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