Piramal Enterprises to issue bonds, raise Rs 2,750 cr

The company said that they would raise up to Rs 2,750 by issuing bonds

Piramal Enterprises on Wednesday said it will raise up to Rs 2,750 crore by issuing bonds on private placement basis.

“A meeting of the Administrative Committee of the Board of Directors of the Company will be held on Saturday, 28th December, 2019, to consider and approve the issue of secured non-convertible debentures on private placement basis amounting up to Rs 2,750 crore,” it said in a regulatory filing.

Piramal Enterprises said the money can be raised in one or more tranches from time to time.