Allotment of 19,000 Unlisted NCDs Worth Rs 190 Crore to Kotak Mahindra Bank
A Board Committee approved allotment of 19,000 secured, unlisted, redeemable, rated non-convertible debentures of Rs.1,00,000/- each, aggregating Rs 190 Crore, on a private placement basis to Kotak Mahindra Bank Limited.
By ScoutQuest · · 1 min read
- Instrument Type
- Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures
- Number of Debentures
- 19,000
- Face Value per Debenture
- Rs.1,00,000/-
- Total Amount Raised
- Rs 190 Crore
- Allottee
- Kotak Mahindra Bank Limited
What happened
A Committee of the Board of Directors approved the allotment of debt securities on a private placement basis.
- Instrument: Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures
- Number allotted: 19,000 debentures
- Face value: Rs.1,00,000/- each
- Total size: Rs 190 Crore
- Allottee: Kotak Mahindra Bank Limited
- Mode: private placement
What it means
Non-convertible debentures are a borrowing instrument. They cannot convert into shares, so existing shareholders face no dilution. Being secured, they are backed by company assets, and being privately placed to a single bank, they are not offered to the public. The debentures are unlisted, so they will not trade on the exchanges.
This follows the company's earlier communications on the proposed issue and completes that process with the actual allotment.
Also from CESC
Subsidiary Signs 25-Year Captive Wind PPA With Prism Johnson for 49.5 MW Project
25 Sep 2026
More numbers
- Number of NCDs allotted19,000
- Face value per debentureRs.1,00,000/-
- Aggregate issue sizeRs 190 Crore
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.