By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors approved the allotment of up to Rs. 5 billion of 9½% secured nonconvertible debentures.
The 5,000 debentures will be issued at a face value of Rs. 1 million each.
The securities will mature on Sept. 30, 2019.
Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.
| Issuer: | Piramal Enterprises Ltd.
|
| Amount: | Rs. 5 billion
|
| Issue: | Secured nonconvertible debentures
|
| Maturity: | Sept. 30, 2019
|
| Coupon: | 9½%
|
| Price: | Par of Rs. 1 million
|
| Pricing date: | Sept. 30
|
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