The board Piramal Enterprises on 28 February 2022 will consider issuing secured, rated, listed, redeemable NCDs up to Rs 100 crore along with an option to retain oversubscription up to Rs 400 crore.
The total size will aggregate up to Rs 500 crore, on a private placement basis.
The company reported 11.1% growth in consolidated net profit to Rs 887.96 crore on a 20.4% rise in net sales to Rs 3,816.16 crore in Q3 FY22 over Q3 FY21.
Shares of Piramal Enterprises shed 2.78% to Rs 2,041.95 on BSE. Piramal Enterprises (PEL) has diversified business interests in financial services and pharmaceuticals.
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