Piramal Enterprises saw a 2% jump in its shares after announcing the approval for a public issuance of secured Non-Convertible Debentures (NCDs) worth up to ₹2,000 crores.
Each NCD will have a face value of ₹1,000 and will be issued in multiple tranches, following SEBI Listing Regulations 30 and 51. This strategic move is set to enhance the company’s financial position while offering attractive investment opportunities for market participants.
Piramal Enterprises shares opened at ₹1,090.30, reaching a high of ₹1,124.45, while the low remained the same at ₹1,090.30. The stock is currently trading below its 52-week high of ₹1,275.00 and above its 52-week low of ₹736.60.
As of 11:07 am, Piramal Enterprises shares were trading 2.04% higher at Rs 1,116.00 on the NSE.
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