Piramal Enterprises to Raise ₹4.5 Billion Through Debenture Issuance

Piramal Enterprises Ltd (PEL) announced plans to raise up to ₹4.5 billion through the issuance of non-convertible debentures (NCDs). The company's Administrative Committee will meet on Friday, February 14, 2025, to consider and approve the public issuance of these secured NCDs. This move follows PEL's recent strong year-on-year financial performance. The fundraising initiative aims to bolster PEL's financial flexibility and support its growth strategies in the competitive NBFC sector.

Sources: MarketScreener, Business Standard, CNBC TV18.