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Piramal Enterprises update on proposed rights issue

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Capital Market
Last Updated : Feb 02 2018 | 9:31 AM IST

Rights issue opens on 12 February 2018

Piramal Enterprises announced that the Rights Issue committee of the company at its meeting held on 31 January 2018 has approved the following -

Issue of up to 83,10,275 equity shares of face value of Rs 2 each for cash price of Rs 2380 per equity share not exceeding Rs 2000 crore on a rights basis which includes 797,748 equity shares reserved in favour of compulsorily convertible debenture holders.

Schedule of rights issue -
Issue opening date - 12 February 2018
Issue closing date - 26 February 2018
Last date for receiving the request for split application forms - 19 February 2018

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First Published: Feb 02 2018 | 9:09 AM IST

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