India’s Piramal may sell Rs. 10 billion debentures in private offering

By Susanna Moon

Chicago, July 19 – Piramal Enterprises Ltd. notified the Bombay Stock Exchange that it is considering the issue of up to Rs. 10 billion secured debentures in a private placement.

The bond issue will be assessed at a board meeting set for July 21, according to a notice.

Mumbai, India-based Piramal is a diversified company with a presence in the pharmaceutical, financial services and information management sectors.

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