Kotak Mahindra Prime informs about private placement

Kotak Mahindra Prime has informed that the Company intends to issue Secured, Redeemable, Non-Convertible debentures of the face value of Rs 1,000,000 each, for Rs 120 crores with an option to retain over-subscription of Rs 100 crores aggregating to Rs 220 crores, on a private placement basis.

The above information is a part of company’s filings submitted to BSE.