India’s Piramal board to consider Rs. 760 million debenture issue

By Sarah Lizee

Olympia, Wash., July 1 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Saturday to consider raising up to Rs. 760 million of secured nonconvertible debentures.

The debentures would be issued on a private placement basis, according to the notice.

Piramal Enterprises is a Mumbai-based subsidiary of the Piramal Group.

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