India’s Piramal Enterprises board to discuss unsecured debenture issue

By Tali Rackner

Minneapolis, June 20 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Friday to consider and approve an allotment of up to Rs. 1.25 billion of unsecured nonconvertible debentures.

The debentures will be on a private placement basis.

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

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