Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 28 January 2019.

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Piramal Enterprises has allotted 1,86,000 equity shares of Rs 2 each at a conversion price of Rs 2688 per share pursuant to optional conversion of 4650 Compulsorily Convertible Debentures (CCDs) of face value of Rs 107600 each aggregating to Rs 50.03 crore.

Post the aforesaid allotment the paid up share capital of the Company stands increased from 18,34, 12,258 equity shares of Rs.2 each amounting to Rs. 36,68,24,516 to 18,35,98,258 equity shares ofRs.2 each amounting to Rs. 36,71,96,516.

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The Administrative Committee of the Board of Directors of the Piramal Enterprises at its meeting held on 03 January 2019 has approved the allotment of 1500 secured redeemable non-convertible market linked debentures, having face value of Rs 10 lakh each, aggregating to Rs 150 crore on private placement basis. These MLDs are proposed to be listed on Wholesale Debt Market segment of NSE.

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Piramal Enterprises has received the approval of the Administrative Committee of Board of Directors of the company to issue secured Non Convertible Bonds up to Rs 400 crore with an option to retain over-subscription of upto Rs.200 crore, aggregating the total issue sizeto Rs.600 crore on private placement basis.

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