New Delhi, Mar 23 (PTI) Piramal Enterprises Ltd on Wednesday said it is planning to raise up to Rs 375 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

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"A meeting of the administrative committee of the board of directors of the company will be held on March, 28, 2022, to consider and approve the issue of the NCDs up to Rs 50 crore, along with an option to retain oversubscription up to Rs 325 crore, the total size aggregating up to Rs 375 crore, on a private placement basis," Piramal Enterprises said in a BSE filing.

These NCDs are secured, rated, listed, redeemable, principal protected and market linked, it added.

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