The Board of Directors of Piramal Enterprises Limited held on May 27, 2025, the Committee approved the issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures, on Private Placement basis in two separate series under existing ISINs INE140A07815 and INE140A07831, as per the details mentioned in Annexure A, through Key Information Document. Particulars: Series 1 (ISIN - INE140A07815), Size of the issue: Base issue size of the Debentures for INR 750,000,000/- (Rupees Seventy-Five Crore only) along with a green shoe option to retain over subscription of up to INR 37,500,00,000/- (Rupees Three Hundred Seventy-Five Crores only), aggregating to INR 45,000,00,000/- (Rupees Four Hundred Fifty Crore only), each having a Face Value of INR 100,000/- (Rupees One Lakh only). Tenure of the instrument: 3550 days.
Interest/Coupon Rate: 9.10% p.a. paid annually and on Redemption Date/maturity date. On Redemption Date (23rd February, 2035), the Redemption Amount to be paid by the Issuer to the Debenture Holders in relation to the Debentures shall be an aggregate of the principal amount of the Debentures along with the Coupon accrued till the Final Redemption Date at the Coupon Rate. Particulars: Series 2 (ISIN - INE140A07831), Size of the issue: Base issue size of the Debentures for INR 500,000,000/- (Rupees Fifty Crore only) along with a green shoe option to retain over subscription of up to INR 1,000,000,000/- (Rupees One Hundred Crore only), aggregating to INR 1,500,000,000/- (Rupees One Hundred Fifty Crore only), each having a Face Value of INR 100,000/- (Rupees One Lakh only).
Tenure of the instrument: 792 days. Interest/Coupon Rate: 9.12% p.a. paid annually and on Redemption Date/maturity date. On Redemption Date (6th August, 2027), the Redemption Amount to be paid by the Issuer to the Debenture Holders in relation to the Debentures shall be an aggregate of the principal amount of the Debentures along with the Coupon accrued till the Final Redemption Date at the Coupon Rate.
