India’s Piramal approves placement of Rs. 3.3 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – Piramal Enterprises Ltd.’s administrative committee of its board of directors approved the private placement of Rs. 3.3 billion secured redeemable nonconvertible debentures on Thursday, according to a Bombay Stock Exchange notice.

The debentures are proposed to be listed on the National Stock Exchange of India Ltd.’s Wholesale Debt Market segment.

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

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