By Wendy Van Sickle
Columbus, Ohio, June 10 – Piramal Enterprises Ltd. notified the Bombay Stock Exchange that its board on Friday approved the issuance of up to Rs. 3 billion of 9.57% 1,001-day secured redeemable nonconvertible debentures.
The company will issue up to 3,000 debentures at par by private placement, according to the notice.
Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.
| Issuer: | Piramal Enterprises Ltd.
|
| Issue: | Secured nonconvertible redeemable debentures
|
| Amount: | Up to Rs. 3 billion
|
| Maturity: | 1,001 days
|
| Coupon: | 9.57%
|
| Pricing date: | June 10
|
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