By Sarah Lizee
Olympia, Wash., Jan. 16 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved the allotment of Rs. 1.5 billion 10¼% secured redeemable non-convertible debentures.
The debentures mature in 17 months and 14 days from allotment.
Piramal Enterprises is a Mumbai-based subsidiary of the Piramal Group.
Issuer: | Piramal Enterprises Ltd.
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Issue: | Secured redeemable non-convertible debentures
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Amount: | Rs. 1.5 billion
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Maturity: | 17 months and 14 days
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Coupon: | 10¼%
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Approval date: | Jan. 16
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