India’s Piramal to consider Rs. 10 billion nonconvertible debentures

By Wendy Van Sickle

Columbus, Ohio, Feb. 24 – Piramal Enterprises Ltd.’s committee of directors will consider for approval at a Feb. 29 meeting the issuance of up to Rs. 10 billion of secured nonconvertible debentures, according to a Bombay Stock Exchange notice.

The debentures would be issued by private placement in one or more tranches.

Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.

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