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Piramal Enterprises to raise Rs 690 cr via NCDs

Press Trust of India  |  New Delhi 

Piramal Enterprises on Monday said it is planning to raise Rs 690 crore through non-convertible debentures on private placement basis.

The administrative committee of the company's board of directors at its meeting approved the allotment of 6,900 secured, unrated, unlisted redeemable non-convertible debentures each having a face value of Rs 10 lakh aggregating to Rs 690 crore on private placement basis, Piramal Enterprises said in a BSE filing.

The company, however, did not provide any details about what it plans to do with the money being raised.

Shares of Piramal Enterprises settled at Rs 1,900.80 apiece on the BSE, down 0.10 per cent from its previous close.

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

First Published: Mon, September 16 2019. 19:10 IST