Piramal Enterprises board nods fundraising plan of Rs200cr via debt securities on private placement

Piramal Enterprises Ltd has informed the issuance of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures on private placement basis of up to Rs100cr along with an option to retain oversubscription of up to Rs100cr aggregating up to Rs200cr on private placement basis.

According to the filing, debentures are proposed to be listed on the Debt Segment of National Stock Exchange of India and interest of 8.15% p.a. and Coupon shall be linked to Underlying Reference Price on Final Observation Date.

Redemption at par is scheduled on 12th january 2023.

At around 11:50 AM, Piramal Enterprises was trading at Rs2,333.95 apiece up by Rs21.3 or 0.92% from its previous closing of Rs2,312.65 apiece on the BSE.

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( With inputs from indiainfoline)