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Piramal Enterprises to allot NCDs aggregating Rs 2500 crore

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Capital Market

On private placement basis

Piramal Enterprises announced that at the Meeting of Administrative Committee of the Board of Directors of the Company held on 24 December 2018, the Committee approved the allotment 25,000 Secured Redeemable Non-Convertible Debentures (NCD's), having the Face Value of Rs.10,00,000/- (Rs. Ten Lakh only) each, aggregating to Rs.2,500 crore on private placement basis. These NCDs a re proposed to be listed on Wholesale Debt Market segment of NSE.

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First Published: Dec 24 2018 | 11:53 AM IST

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