Latest News | Piramal Enterprises to Raise Up to Rs 650 Crore
Get latest articles and stories on Latest News at LatestLY. Piramal Enterprises on Tuesday said its board has approved raising of up to Rs 650 crore by issuing bonds.
New Delhi, Nov 8 (PTI) Piramal Enterprises on Tuesday said its board has approved raising of up to Rs 650 crore by issuing bonds.
The size of the issue is up to Rs 50 crore with an option to retain over subscription of up to Rs 600 crore, according to a regulatory filing.
The meeting of administrative committee of the board of directors has clear the issuance of secured, rated, listed, redeemable, principal protected, market linked non-convertible debentures on private placement basis, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)