India’s Piramal Enterprises to consider Rs. 2 billion of debentures

By Sarah Lizee

Olympia, Wash., Sept. 12 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that the administrative committee of its board of directors will meet on Friday to consider a private placement of up to Rs. 2 billion of secured nonconvertible debentures.

The issue would have an up to Rs. 4 billion oversubscription option.

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

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