Piramal Enterprises Limited raises Rs. 70.77 crores through NCDs

At the Meeting of Administrative Committee ('Committee') of the Board of Directors of Piramal Enterprises Limited held today, the Committee approved allotment of 700 Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures ('Debentures') each having a face value of Rs.10,00,000/-, at a further issue price of Rs. 10,11,025/- per Debenture, aggregating to Rs. 70.77 crores on private placement basis. These Debentures are proposed to be listed on the Debt Segment and Capital Market Segment of National Stock Exchange of India Limited ('NSE') and BSE Limited respectively, and NSE being the designated Stock Exchange.

Shares of Piramal Enterprises Limited was last trading in BSE at Rs. 1659.20 as compared to the previous close of Rs. 1664.50. The total number of shares traded during the day was 8499 in over 1095 trades.

The stock hit an intraday high of Rs. 1681.30 and intraday low of 1655.30. The net turnover during the day was Rs. 14138977.00.

Source : Equity Bulls

Keywords

PiramalEnterprises INE140A01024 FundRaising NCDs PrivatePlacement