MUMBAI, March 13 (Reuters) - India's Kotak Mahindra Investments has accepted
bids worth an aggregate of 6 billion rupees ($72.97 million) for reissuance of
7.9915% April 2026 bonds, 8.1379% June 2026 bonds, and zero-coupon bonds
maturing in three years and seven months, three merchant bankers said on Monday.
The company has accepted bids worth 3.25 billion rupees for zero-coupon
bonds, 2.50 billion rupees via April 2026 papers and 250 million rupees for June
2026 papers, they added.
It had invited bids for all the issues earlier in the day, and they will be
settled on Tuesday.
The bonds are rated AAA by CRISIL.
In February, the company raised an aggregate of 3.65 billion rupees selling
bonds maturing in three years as well as in three years and four months at
8.1577% and 8.1379% coupon.
($1 = 82.2200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
