How do you see the impact of the recent fund raising by Piramal Enterprises on the stock price?

Piramal Enterprises board approved capital raising of Rs.2750 crore by issuing bonds on a private placement basis. The entire private placement amount will be raised through the issue of secured, rated, unlisted, redeemable Non-Convertible Debentures will be aggregating up to Rs.2,750 crores.

This was on the cards and also factored into the stock price. Till the bigger issue of builder bad loans are not sorted out, the core business model of Piramal will remain under question.