On 25 October 2019
Subject to letter dated 22 October 2019 and with provisions of Regulation 30 of SEBI Listing Regulations, the Board of directors of Piramal Enterprises, in their meeting held on 25 October 2019, have approved raising of funds aggregating upto Rs 5400 crores. The rules are made thereunder in the following manner: i) the Board has approved issuance of compulsorily convertible debentures (CCDs) of face value Rs 1.51 lakhs per CCD, convertible into equity shares of FV of Rs 2/- each, for an ggregate amount of Rs. 1,750 crores by way of referential issue. ii) the Board has approved issuance of equity shares for an aggregate amount of up to Rs. 3,650 crores by way of a Rights Issue.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
