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Piramal Enterprises update on proposed rights issue

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Rights issue opens on 12 February 2018

Piramal Enterprises announced that the Rights Issue committee of the company at its meeting held on 31 January 2018 has approved the following -

Issue of up to 83,10,275 equity shares of face value of Rs 2 each for cash price of Rs 2380 per equity share not exceeding Rs 2000 crore on a rights basis which includes 797,748 equity shares reserved in favour of compulsorily convertible debenture holders.

Schedule of rights issue -
Issue opening date - 12 February 2018
Issue closing date - 26 February 2018
Last date for receiving the request for split application forms - 19 February 2018

 

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First Published: Feb 02 2018 | 9:09 AM IST

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