Kotak Mahindra Bank has informed that at the Meeting of the Board of Directors of the Bank held on August 08, 2014, the Directors have approved issuance of securities in the nature of non-convertible debentures, in Indian/foreign currencies in the domestic and/or overseas markets for an amount upto Rs 5000 crore on a private placement basis. Approval of the members of the Bank is proposed to be sought for the same through postal ballot pursuant to Section 110 of the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
