By Wendy Van Sickle
Columbus, Ohio, June 23 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors approved the allotment of up to Rs. 1.25 billion of 8.2% unsecured nonconvertible debentures on Friday.
The securities will mature on July 27, 2020.
The debentures will be issued on a private placement basis and 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.
| Issuer: | Piramal Enterprises Ltd.
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| Issue: | Unsecured nonconvertible debentures
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| Amount: | Rs. 1.25 billion
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| Maturity: | July 27, 2020
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| Coupon: | 8.2%
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| Pricing date: | June 23
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