Ajay Piramal-controlled Piramal Enterprises Ltd has raised ₹2,590 crore through issuance of debt securities to US-based investment firm Farallon Capital, said a person aware of the development. Farallon is a San Francisco based investment firm with $29 billion in assets under management.”The money was raised through three year NCDs (non-convertible debentures) at a rate of 9%,” said the person, adding that the capital will be used for repayment of existing loans of the group as well as for other purposes.
Piramal Enterprises raises ₹2,590 crore in debt from Farallon Capital
Date posted: Saturday 4 July 2020