Piramal raises ₹1,500 crore from StanChart Bank through NCDs

Date posted: Wednesday 24 July 2019

Ajay Piramal-controlled Piramal Enterprises Ltd has raised ₹1,500 crore from Standard Chartered Bank through non-convertible debentures (NCD). The money will be used to meet working capital requirements of the group, including for the lending business Piramal Capital and Housing Finance and will go towards near term debt-related payment obligations that have a repayment date in January 2020.

(Live Mint)