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) on a private placement basis. The face value per NCD is Rs. 1 lakh, and each of the two series aggregates to Rs. 50 crore, bringing the total raise to Rs. 100 crore. The allotment was approved by the Administrative Committee of the Board on May 8, 2025. These debentures will be listed on the Wholesale Debt Market segment of NSE and BSE, with NSE as the designated stock exchange. The filing follows up on an earlier letter dated April 29, 2025, regarding the proposed issuance.
The company has raised Rs. 100 crore through private placement of NCDs, adding to its debt obligations. The coupon rate, tenure, and end-use of proceeds are not disclosed in this intimation, so investors should watch for further details on funding cost and purpose. This is a routine debt-raising event and is unlikely to cause immediate stock price movement.