Piramal Enterprises Plans to Raise Rs 600 Crore Through NCD

Shital Jibhe / 12 Jun 2017

Piramal Enterprises Plans to Raise Rs 600 Crore Through NCD

Pharma major Piramal Enterprises, is planning to raise up to Rs 600 crore through the issue of Negotiable Certificates of Deposits (NCD) on private placement basis, reported a leading national business news agency.

Pharma major Piramal Enterprises, is planning to raise up to Rs 600 crore through the issue of Negotiable Certificates of Deposits (NCD) on private placement basis, reported a leading national business news agency.
 
The company has not provided any further details regarding its capital raising plan. The stock hit its fresh 52-week high of Rs 2,960 per share on Friday and the company gained nearly 5% at Rs 2,945.5 per share. The stock is expected to gain further, as per the reports of market analysts.
 
On June 14 2017, a meeting of the Administrative Committee of the board of directors of the company will be held to consider and approve the issue on private placement basis of Secured Non-Convertible Debentures amounting to Rs 400 crores with a greenshoe option of Rs 200 crores, not exceeding total issue size of Rs 600 crores, Piramal Enterprises Ltd. informed.

If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.