Piramal Enterprises hires Citi, Morgan Stanley to raise $781m via QIP

Piramal Enterprises hires Citi, Morgan Stanley to raise $781m via QIP

A file photo of Ajay Piramal, chairman, Piramal Group. Photo: Mint

Ajay Piramal-controlled Piramal Enterprises Ltd has appointed three investment banks as the company looks to embark on an institutional share sale that could see it raise up to Rs5,000 crore, said two people aware of the development.

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