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Piramal Enterprises, committee of directors have given approval to raising over Rs.1,780 crore via rights issue.
In a BSE filing the company stated, “…pursuant to the finalization of basis of allotment of the rights issue in consultation with BSE Ltd, the Committee of Directors (Rights Issue) at their meeting held today has considered and approved the allotment of 74,85,574 equity shares of face value of Rs.2 each”
Further, it stated that the issue price has been set at Rs.2,380 per equity share, which includes a premium of Rs.2,378 per equity share.
