Piramal Enterprises Limited approved issuance of 8.55% Secured Rated Listed Redeemable Non-Convertible Debentures (`NCDs) Up to INR 5,000 million. Tenure is 36 months and interest rate is 8.55% p.a. (Fixed). Secured through a first pari passu charge by way of hypothecation of identified receivables and a first ranking pari passu mortgage over specifically mortgaged premises as set out in the Debenture Trust Deed. Redemption date is 19th May, 2023, at par.