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Piramal Enterprises has raised Rs 600 cr through NCDs

Piramal Enterprises has raised Rs 600 crore through issue of securities.

Piramal Enterprises has said in a regulatory filing that an administrative committee of the company’s board approved the allotment of 6,000 secured redeemable non-convertible debentures (NCDs) having the face value of Rs 10 lakh each aggregating to Rs 600 crore on private placement basis.

It added that the NCDs are proposed to be listed on wholesale debt market segment of NSE.

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