Piramal Enterprises Limited at its board meeting held on June 30, 2021, approved the issue of Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures on private placement basis as per the details mentioned in Annexure A. Security Name: Piramal Enterprises Limited June 2021 - 22 Series 02. Size of the issue: Up to INR 0.5 billion along with an option to retain over subscription of up to INR 5.85 billion, aggregating up to INR 6.35 billion. Listing: Debentures are proposed to be listed on the Debt Segment of National Stock Exchange of India Limited. Tenure of the instrument: 23 months and 23 days. Interest/Coupon Rate: 8.25% p.a.; Coupon shall be linked to Underlying Reference Price on Final Observation Date. Security: Secured through a first ranking pari-passu charge by way of hypothecation over the Hypothecated assets of Security Provider. Details of redemption: Redemption at par on 28th June, 2023.