Piramal Enterprises to raise ₹1,000 crore through NCD issuance
The Tranche I Issue is scheduled to open on Thursday, October 19, 2023, and close on Thursday, November 2, 2023.
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The Tranche I Issue is scheduled to open on Thursday, October 19, 2023, and close on Thursday, November 2, 2023.
The base issue size stands at Rs 200 crore, and has a green shoe option of up to Rs 800 crore
"The Tranche I Issue with a face value of ₹1,000 has been open to the public from Friday, September 1 till Thursday, September 14, 2023, subject to an early closure as may be approved by our Board of Directors or a duly constituted committee thereof of the Company, and subject to relevant approvals," the non-banking financial company said in a statement.
Through the issue, the company plans to raise an amount aggregating up to Rs 400 crore, which is within the shelf limit of Rs 1,100 crore.
Power Finance Corporation (PFC) has launched the Tranche I Issue of non-convertible debentures (NCDs) with a base issue size of INR 500 Cr ($66m) and a green shoe option of up to INR 4,500 Cr, totaling INR 5,000 Cr. The debentures are rated AAA by ICRA, CRISIL, and CARE and have tenures of 3, 10, and 15 years