Piramal Finance approves ₹15,000 cr NCD issuance and merger
after close1 source ↓written by the desknot a recommendation
- issuance of non-convertible
- ₹15,000 cr
Piramal Finance Limited's board approved a ₹15,000 cr issuance of non-convertible debentures (NCDs) and a scheme of amalgamation with three subsidiaries. This strategic move aims to streamline operations and enhance financial stability. The company also announced upcoming committee meetings regarding NCD considerations, signaling potential market activity ahead. 📈
Not investment advice. For informational purposes only.