The funds will be raised through issue of Unsecured, Redeemable, Non-Convertible Debentures/Bonds/other Debt Securities, on private placement basis, in Indian/ foreign currencies, in domestic and/or overseas markets, in one or more tranches.
The announcement was made after market hours yesterday, 26 May 2021. Shares of Kotak Mahindra Bank fell 0.56% to settle at Rs 1,740.60 yesterday.
Kotak Mahindra Bank is a full-service commercial bank. The bank has a global presence through its subsidiaries in UK, USA, Gulf Region, Singapore and Mauritius with offices in London, New York, Abu Dhabi, Singapore and Mauritius respectively. As on 31 March, 2021, Kotak Mahindra Bank had a national footprint of 1,604 branches and 2,598 ATMs, and branches in GIFT City and DIFC (Dubai).