Piramal Enterprises said it will raise Rs 300 crore through issuance of non-convertible debentures (NCDs) on private placement basis. This is part of the company's plan to raise up to Rs 1,000 crore through the issuance of non-convertible debentures on private placement basis. On February 29, 2016 the company said it would raise up to Rs 1,000 crore in one or more tranches from time to time. This is part of the company's plan to raise up to Rs 1,000 crore through issuance of non-convertible debentures on private placement basis, it said in a regulatory filing. Piramal Enterprises Ltd (PEL) is the flagship company of Piramal group and has a presence in the healthcare and financial services verticals.

Source: dna July 23, 2016 09:11 UTC