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Kotak Mahindra Bank Ltd directors approved issuance of securities for upto 50 bln Indian rupees

Friday, 8 Aug 2014 03:20am EDT 

Kotak Mahindra Bank Ltd:Board of Directors of Bank held on Aug. 08 the Directors have approved issuance of securities in nature of non-convertible debentures, in Indian/foreign currencies in domestic and/or overseas markets for an amount upto 50.bln Indian rupees on a private placement basis.Approval of members of the Bank is proposed to be sought for the same through postal ballot pursuant to Section 110 of the Companies Act, 2013. 

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