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Piramal Enterprises to allot 74,85,574 equity shares through rights issue

Press Trust of India  |  New Delhi 

today said the company's have approved raising over Rs 1,780 crore through rights issue.

"...pursuant to the finalisation of basis of allotment of the rights issue in consultation with BSE Ltd, the (Rights Issue) at their meeting held today has considered and approved the allotment of 74,85,574 equity shares of face value of Rs 2 each," the company said in a BSE filing.

It added that the issue price has been set at Rs 2,380 per equity share, including a premium of Rs 2,378 per equity share, it added.

This would bring the size of the rights issue to Rs 1,781.56 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 23:46 IST