Piramal to raise Rs 1k cr
Piramal Enterprises Limited, a non-deposit taking NBFC, launched a public issue of secured non-convertible debentures (NCDs) with a face value of Rs 1,000 each.
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Hyderabad: Piramal Enterprises Limited, a non-deposit taking NBFC, launched a public issue of secured non-convertible debentures (NCDs) with a face value of Rs 1,000 each. The base issue size was pegged at Rs 200 crore, with a green shoe option of up to Rs 800 crore, totalling up to Rs 1,000 crore. The issue commenced October 19 and will conclude November 2, with the possibility of early closure or extension in accordance with the Securities and Exchange Board of India Issue and Listing of (Non-Convertible Securities) Regulations 2021. The NCDs will be listed on both BSE and NSE. The NCDs have received credit ratings of [ICRA] AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited. The minimum application size is Rs 10,000 (equivalent to 10 NCDs), with subsequent investments allowed in multiples of Rs 1,000 (equivalent to 1 NCD).
