Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Piramal board to meet this week to consider fund raising

18 December, 2018 4:04 PM
82 0
Piramal board to meet this week to consider fund raising

The NCD issue size is of Rs 1,000 crore with an option to retain over subscription of another Rs 1,000 crore, the company said.

Piramal Enterprises said its board will meet later this week to consider raising of up to Rs 2,000 crore via issue of securities.

A meeting of the administrative committee of the company's board will be held on December 21, to consider and approve the issue of secured non-convertible debentures (NCD) on private placement basis, Piramal Enterprises said in a regulatory filing.

The NCD issue size is of Rs 1,000 crore with an option to retain over subscription of another Rs 1,000 crore, it added.

Source: moneycontrol.com

Share in social networks:

Comments - 0