Kotak Mahindra Bank board approves plan to raise Rs 10,000 crore via non-convertible debentures in FY 2025-26

Kotak Mahindra Bank Limited has announced the outcome of its board meeting held on January 18, 2025. The bank’s Board of Directors approved a proposal to raise funds amounting to ₹10,000 crore during the financial year 2025-26.

The funds will be raised through the issuance of unsecured, redeemable, non-convertible debentures (NCDs) on a private placement basis. The issuance will be conducted in one or more tranches or series and is subject to necessary approvals, including shareholder approval.

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Key details:

  • Total amount to be raised: ₹10,000 crore
  • Type of instrument: Unsecured, redeemable, non-convertible debentures (NCDs)
  • Issuance mode: Private placement
  • Financial year: FY 2025-26

The bank also confirmed that this information is available on its official website as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board meeting to discuss the proposal began at 9:30 a.m. IST and concluded at 5:25 p.m. IST on January 18, 2025.