India’s Piramal Enterprises board approves Rs. 1 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 11 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that the administrative committee of its board of directors met on Friday and approved a private placement of up to Rs. 1 billion of secured non-convertible debentures.

The debentures are proposed to be listed on the Wholesale Debt Market 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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