25 Apr, EOD - Indian

SENSEX 79212.53 (-0.74)

Nifty 50 24039.35 (-0.86)

Nifty Bank 54664.05 (-0.97)

Nifty IT 35562.25 (0.72)

Nifty Midcap 100 53570.2 (-2.55)

Nifty Next 50 64314.9 (-2.41)

Nifty Pharma 21482.55 (-2.24)

Nifty Smallcap 100 16547.2 (-2.45)

25 Apr, EOD - Global

NIKKEI 225 35705.74 (1.90)

HANG SENG 21980.74 (0.32)

S&P 5564.5 (0.75)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(03 Jul 2024, 08:49)

Piramal Ent board OKs raising Rs 180-cr via NCDs

Piramal Enterprises announced that its board has approved the issuance of non-convertible debentures (NCDs) with a green shoe option aggregating to Rs 180 crores on private placement basis.


The base issue size is of Rs 30 crore along with a green shoe option to retain over subscription of up to Rs 150 crore, aggregating to Rs 180 crore.

The debentures are proposed to be listed on the wholesale debt market (WDM) segment of the Bombay Stock Exchange (BSE)/ National Stock Exchange (NSE). NSE is the designated stock exchange.

These NCDs have a coupon rate of 9.5% p.a. paid annually and on redemption date, which is 7 July 2034.

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 25 states/UTs.

The NBFC reported consolidated net profit of Rs 137.09 crore in Q4 FY24 as against a net loss of Rs 195.87 crore posted in Q4 FY23. Total income grew by 17.97% to Rs 2,528.16 crore in Q4 FY24 as compared with Rs 2,143.02 crore recorded in corresponding quarter last year.

The scrip ended 1.91% lower at Rs 905.75 on Tuesday, 2 July 2024.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +