By Tali Rackner
Minneapolis, June 27 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors approved the allotment of up to Rs. 5 billion of 8.13% secured nonconvertible debentures.
The securities will mature on June 27, 2019.
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: | Secured nonconvertible debentures
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| Amount: | Rs. 5 billion
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| Maturity: | June 27, 2019
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| Coupon: | 8.13%
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| Pricing date: | June 27
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