Piramal Enterprises approved allotment of 700 Non-Convertible Debentures each having a face value of Rs.10,00,000

The Board of Directors of the Piramal Enterprises approved allotment of 700 Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures (‘Debentures’) each having a face value of Rs.10,00,000/-, at a further issue price of Rs. 10,11,025/- per Debenture, aggregating to Rs. 70.77 crores on private placement basis. These Debentures are proposed to be listed on the Debt Segment and Capital Market Segment of National Stock Exchange of India Limited (‘NSE’) and BSE Limited respectively, and NSE being the designated Stock Exchange Kindly take the above on record and oblige.