24indianews

Piramal Enterprises Ltd has announced that at the Meeting of Administrative Committee held on July 19, 2016, the Committee approved the allotment of 150 Secured Redeemable NCD’s, having the Face Value of Rs. 10,00,000/- (Rs. Ten Lakh only) each, aggregating to Rs. 15 Crores under Tranche V of the above referred Shell’ Disclosure Document.With reference to the earlier letter dated February 29, 2016, wherein the Committee of Directors (Funding) had approved issuance of Secured Redeemable Non-Convertible Debentures on private placement basis upto Rs. 1,000 crores in one or more tranches under the Shelf Disclosure Document dated February 29, 2016, Piramal Enterprises Ltd has announced that at the Meeting of Administrative Committee held on July 19, 2016, the Committee approved the allotment of 150 Secured Redeemable NCD’s, having the Face Value of Rs. 10,00,000/- (Rs. Ten Lakh only) each, aggregating to Rs. 15 Crores under Tranche V of the above referred Shell’ Disclosure Document.
Piramal Enterprises Ltd ended at Rs. 1607.5, down by Rs. 38.95 or 2.37% from its previous closing of Rs. 1646.45 on the BSE.
The scrip opened at Rs. 1670 and touched a high and low of Rs. 1673.65 and Rs. 1600 respectively. A total of 166563(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 27737.41 crore.
The BSE group ‘A’ stock of face value Rs. 2 touched a 52 week high of Rs. 1673.65 on 21-Jul-2016 and a 52 week low of Rs. 805 on 18-Sep-2015. Last one week high and low of the scrip stood at Rs. 1673.65 and Rs. 1513 respectively.
The promoters holding in the company stood at 51.58 % while Institutions and Non-Institutions held 30.47 % and 16.74 % respectively.
The stock traded above its 50 DMA.