India’s Piramal to discuss Rs. 300 million debentures offering

By Sarah Lizee

Olympia, Wash., Feb. 7 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that it will weigh plans to issue up to Rs. 300 million of secured redeemable non-convertible market-linked debentures on a private placement basis at an administrative committee meeting on Tuesday.

There will be a Rs. 1 billion greenshoe.

Piramal Enterprises is a Mumbai-based subsidiary of the Piramal Group.

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