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Piramal plans Rs. 26.25 billion of non-convertible debentures
By Devika Patel
Knoxville, Tenn., Dec. 21 – India’s Piramal Enterprises Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 26.25 billion of non-convertible debentures on a private placement basis at a board of directors meeting on Dec. 21.
The debentures will be issued in four series and will include a Rs. 16.35 billion greenshoe.
Piramal Enterprises is a Mumbai-based subsidiary of the Piramal Group.
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