Piramal Enterprises’ shares dipped 2.3% after the company announced plans for a public issuance of non-convertible debentures (NCDs). The decision will be finalized at a board meeting on Friday. While the stock has performed well over the past year and YTD, it’s seen a slight decline recently and is currently trading below its 10-day EMA but above other key EMAs.
PRISM’s IPO filing mentions Zostel case, CCI investigation
In its UDRHP-I filing to Sebi, the company any ‘adverse’ outcome in legal proceedings involving Zostel may materially and adversely affect its business, reputation, prospects,