Intimation regarding allotment of 10,000 Non-Convertible Debentures under existing ISIN - INE140A07831 and 14,000 Non-Convertible Debentures under existing ISIN - INE140A07815 at its meeting ....
Awaiting price reaction for this filing.
Piramal Enterprises has allotted Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) in two series on a private placement basis. Series 1 consists of 14,000 NCDs of face value Rs. 1 lakh each, aggregating to Rs. 140 crore, under ISIN INE140A07815. Series 2 consists of 10,000 NCDs of face value Rs. 1 lakh each, aggregating to Rs. 100 crore, under ISIN INE140A07831. The total amount raised through this allotment is Rs. 240 crore. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of NSE and BSE, with NSE as the designated stock exchange. This is a follow-up to the company's letter dated 27th May 2025, and the allotment was approved by the Administrative Committee of the Board on 5th June 2025.
The company has raised Rs. 240 crore through private placement of NCDs, which will be listed on the wholesale debt market. This expands the company's debt portfolio under existing ISINs and provides additional capital, though the coupon rate and end-use of funds are not disclosed in this filing.