Piramal Enterprises to raise Rs 2,750 crore via bonds issue

Administrative panel of Pirmal Enterprises’ board will meet on December 28 to consider and approve the issue of bonds of secured non-convertible debentures oon private placement basis

Piramal Enterprises on Wednesday said it will raise up to Rs 2,750 crore by issuing bonds on private placement basis.

“A meeting of the Administrative Committee of the Board of Directors of the Company will be held on Saturday, 28th December, 2019, to consider and approve the issue of secured non-convertible debentures on private placement basis amounting up to Rs 2,750 crore,” it said in a regulatory filing.

Piramal Enterprises said the money can be raised in one or more tranches from time to time.