Piramal Enterprises has announced the approval of a public issuance of secured Non-Convertible Debentures (NCDs) worth up to ₹2,000 crores.
The NCDs, with a face value of ₹1,000 each, will be issued in one or more tranches, in compliance with SEBI Listing Regulations 30 and 51. This move will strengthen the company’s financial position and offer investment opportunities for market participants.
In the exchange filing, the company shared, “We write to inform you that at the meeting of Administrative Committee (‘Committee’) of the Board of Directors held today, the Committee approved the public issuance of secured Non-Convertible Debentures of face value Rs. 1,000 each aggregating up to Rs. 2,000 crores in one or more tranches.”
This issuance is part of PEL’s strategy to manage its capital structure and secure funding for growth initiatives. Stay tuned for further updates on the NCD issuance and its terms.
