This has been done through issue of debentures as part of its overall plan to mop up Rs 1,000 Cr. The Administrative Committee has approved allotment of 1,050 secured redeemable NCDs, having the face value of Rs 10,00,000 each aggregating Rs 105 Cr under tranche II. Earlier this month, the company had raised Rs 300 Cr through issuance of NCDs.

Piramal Enterprises raises Rs 105 Cr in the second tranche

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