Piramal Enterprises on Wednesday said that “Its board has approved the proposal to raise to Rs 500 crore through issuance of secured NCDs on a private placement basis.”
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In a regulatory filing at the exchange, the company said, “The meeting of the administrative committee of the board of directors has approved the issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis.”
“The NCDs are proposed to be listed on the wholesale debt market segment of NSE,” the filing added.
