Piramal Enterprises shares jump 3% on plans to raise Rs 2,000 crore via NCDs

Piramal Enterprises’ shares rose nearly 3% after the company’s board approved raising up to Rs 2,000 crore via NCDs. The fundraising will occur in one or more tranches, with each NCD having a face value of Rs 1,000. The company’s stock has outperformed the Nifty index over the past year and year-to-date. Despite the day’s gains, shares closed 2.