India’s Piramal to consider Rs. 1 billion of market-linked debentures

By Devika Patel

Knoxville, Tenn., Dec. 28 – Piramal Enterprises Ltd. informed the Bombay Stock Exchange that it will weigh plans to issue up to Rs. 1 billion of secured redeemable non-convertible market-linked debentures on a private placement basis at an administrative committee meeting on Jan. 2.

There will be a Rs. 1 billion greenshoe.

Piramal Enterprises is a Mumbai-based subsidiary of the Piramal Group.

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