{"id":586573,"date":"2023-06-24T09:30:12","date_gmt":"2023-06-24T04:00:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=586573"},"modified":"2023-06-24T10:05:27","modified_gmt":"2023-06-24T04:35:27","slug":"kotak-investment-advisors-invests-rs-732-cr-in-rattanindia-power-ncds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kotak-investment-advisors-invests-rs-732-cr-in-rattanindia-power-ncds\/","title":{"rendered":"Kotak Investment Advisors invests Rs 732 cr in RattanIndia Power NCDs"},"content":{"rendered":"<p>Kotak Investment Advisors Ltd\u2019s (KICL&#8217;s) two funds have invested Rs 732 crore in the non-convertible debentures (NCDs) of RattanIndia Power Limited (RIPL). This investment is part of the total investment of Rs 1,125 crore by a consortium of lenders.<\/p>\n<p>The power company will use the proceeds to refinance its existing debt. The fundraising is structured to match the expected cash-flow generation and reduce overall cost, which is in sync with RIPL\u2019s improving financial profile, KICL said in a statement.<\/p>\n<p>Of the funds invested, Kotak Strategic Situations India Fund II has put Rs 582 crore and Kotak Private Credit Fund (KPCF) invested Rs 150 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Investment Advisors Ltd\u2019s (KICL&#8217;s) two funds have invested Rs 732 crore in the non-convertible debentures (NCDs) of RattanIndia Power Limited (RIPL). This investment is part of the total investment of Rs 1,125 crore by a consortium of lenders. The power company will use the proceeds to refinance its existing debt. The fundraising is structured to match the expected cash-flow generation and reduce overall cost, which is in sync with RIPL\u2019s improving financial profile, KICL said in a statement. Of the funds invested, Kotak Strategic Situations India Fund II has put Rs 582 crore and Kotak Private Credit Fund (KPCF) [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-586573","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/586573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=586573"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/586573\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=586573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=586573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=586573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}