Piramal Enterprises Limited has informed the exchange regarding allotment of 5000 Non Convertible Debentures each in two separate series at its meeting held on May 08, 2025
Awaiting price reaction for this filing.
Piramal Enterprises has allotted 5,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, issued in two separate series on a private placement basis. Each series aggregates to Rs. 50 crore, taking the total issuance size to about Rs. 100 crore. The decision was approved by the Administrative Committee of the Board on May 8, 2025. 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 routine debt-raising exercise via private placement of NCDs, which will add to the company's borrowings but does not dilute equity. The coupon rate, yield, and end-use of funds are not disclosed in this filing, so investors should watch for further details on cost of debt and purpose of raising.