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India’s Piramal Enterprises approves Rs. 5 billion debenture issue
By Tanya Meyer
Chicago, Jan. 15 – Piramal Enterprises Ltd. said the funding committee of its board of directors approved the issuance of Rs. 5 billion in secured, redeemable, non-convertible debentures, according to a filing with the Bombay Stock Exchange.
The debentures, with a face value of Rs. 1 million each, will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.
Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.
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