Piramal Enterprises to Raise ₹2,000 Crore via Non-Convertible Debentures

Piramal Enterprises Ltd (PEL) has announced plans to raise ₹2,000 crore through the issuance of secured Non-Convertible Debentures (NCDs). The decision was approved during a meeting of the Administrative Committee of the company’s Board of Directors held on Friday, December 22, 2024.

Details of Fundraising

The fundraising will be executed in one or more tranches, with each debenture carrying a face value of ₹1,000. The company, in its exchange filing, stated that “Under Regulations 30 and 51 of the SEBI Listing Regulations, we write to inform you that at the meeting of the Administrative Committee (‘Committee’) of the Board of Directors held today, the Committee approved the public issuance of secured Non-Convertible Debentures of face value ₹1,000 each aggregating up to ₹2,000 crore in one or more tranches.”

Market Performance of Piramal Enterprises Shares

On December 23, 2024, Piramal Enterprises share price gained 1.11%, reaching ₹1,106.80 on the Bombay Stock Exchange (BSE) at 9:42 AM IST. As per BSE data, the stock recorded a total traded volume of 5,062 shares, resulting in a turnover of ₹56.32 lakh.

The stock is currently trading at a price-to-earnings (P/E) ratio of 103.71x, based on its trailing 12-month earnings per share (EPS) of ₹10.55. Additionally, its price-to-book (P/B) ratio stands at 1.13.

About Piramal Group

Piramal Group, a global business conglomerate, operates across diverse sectors including pharmaceuticals, financial services, and real estate. The Group has a significant international footprint with offices in over 30 countries, a brand presence in more than 100 markets, and a workforce of over 10,000 people from 21 different nationalities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.