Business Standard

Piramal Enterprises to raise Rs 590 cr via allotment of bonds

Image

Press Trust of India New Delhi
Piramal Enterprises Friday said it would raise Rs 590 crore through allotment of secured redeemable non-convertible bonds on a private placement basis.
At the meeting of the Administrative Committee of the Board, the committee approved the allotment of 5,900 secured redeemable non-convertible bonds having the face value of Rs 10 lakh only each, aggregating to Rs 590 crore on private placement basis.
These bonds are proposed to be listed on the wholesale debt market segment of the National Stock Exchange, it added.
Shares of Piramal Enterprises closed at Rs 2,354.25 per scrip on the BSE, up 2.82 per cent from its previous close.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 28 2018 | 8:10 PM IST

Explore News