Home » Piramal Enterprise to raise Rs 3.75 bn via CPs

Piramal Enterprise to raise Rs 3.75 bn via CPs

Piramal Enterprise to raise Rs 3.75 bn via CPs

Piramal Enterprise plans to raise Rs 375 cr through issue of commercial papers in 3 maturities – October maturity CPs for Rs 50 cr, early November papers for Rs 225 cr and December maturity papers for Rs 100 cr.

The paper would carry an interest of 11.75 percent.
The company has operations in several segments within healthcare, life sciences and financial services.

Last year, Decision Resources Group, the American subsidiary of Piramal Enterprises, acquired British firm Abacus International and was planning to acquire Ind-Swift LaboratoriesÂ’ contract research and manufacturing business.

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