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India’s Piramal Enterprises board OKs Rs. 5.6 billion of debentures
By Tali Rackner
Minneapolis, June 15 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors approved the allotment of Rs. 5.6 billion of secured redeemable nonconvertible debentures.
The 5,600 debentures will be issued at a face value of Rs. 1 million each via private placement.
The notes 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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