Piramal Enterprises meeting to be held on December 21 on fund raising

Piramal Enterprises Tuesday said its board will meet later this week to consider raising of up to Rs 2,000 crore via issue of securities.

A meeting of the administrative committee of the company's board will be held on December 21, to consider and approve the issue of secured non-convertible debentures (NCD) on private placement basis, Piramal Enterprises said in a regulatory filing.

The NCD issue size is of Rs 1,000 crore with an option to retain oversubscription of another Rs 1,000 crore, it added. Piramal shares Tuesday ended 1.55 percent up at Rs 2,183.15 on the BSE.