India’s Piramal board to discuss Rs. 800 million of secured debentures

By Tali Rackner

Norfolk, Va., Aug. 22– Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider an issue of up to Rs. 800 million of secured nonconvertible debentures.

The debentures will be issued in one or more issues, from time to time, on a private placement basis.

Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.

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