The company has invited bids for all the issuances from bankers and investors on Monday, they said.
It plans to raise at least 1 billion rupees through bonds maturing in two years and three months at a coupon of 8.1059% with a greenshoe option to retain an additional subscription of up to 3 billion rupees.
It also plans to raise 500 million rupees through bonds maturing in three years and four months at a coupon of 8.1084%. The issue also has a greenshoe option of 1.5 billion rupees.
Separately, Kotak Mahindra Investments plans to raise 200 million rupees through the reissue of 8.1379% June 2026 bonds with a greenshoe option of 800 million rupees.
In March, the company raised 6 billion rupees through the
reissuance of 7.9915% April 2026 bonds, 8.1379% June 2026 bonds
and zero-coupon bonds maturing in three years and seven months.
($1 = 81.9400 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by
Sohini Goswami)
