Piramal Enterprises Limited announced ay the meeting of Administrative Committee of the Board of Directors held February 28, 2022 the Committee approved the issuance of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures (`Debentures') on private placement basis. Security Name as Piramal Enterprises Limited March 2021-22 Series 01. Size of the issue Up to INR 1 billion along with an option to retain over subscription of up to INR 4 billion, aggregating up to INR 5 billion.

Tenure of the instrument is 30 months. Interest/Coupon Rate is 8% p.a.; Coupon shall be linked to Underlying Reference Price on Final Observation Date. Details of redemption is Redemption at par on 2nd September, 2024.