Piramal Enterprises informed that its board is scheduled to meet on Friday, 20 December 2024, to consider and approve the public issuance of non-convertible debentures (NCDs).
Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs.The NBFC reported 238.2% surge in consolidated net profit to Rs 162.97 crore on 9.2% rise in total income to Rs 2,486.18 crore in Q2 FY25 over Q2 FY24.
The scrip slipped 2.98% to currently trade at Rs 1,188 on the BSE.
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