India New Issue-Kolte-Patil Developers accepts bids for 10-year bonds - bankers

Kolte-Patil Developers

17/04/2023 04:24

MUMBAI, April 17 (Reuters) - India's Kolte-Patil
Developers  KOLT.NS  has accepted bids worth 2.07 billion rupees
($25.3 million) for zero-coupon bonds maturing in 10 years, two
merchant bankers said on Monday.
    The company had invited bids from bankers and investors for
the issue on Thursday, they said. 
    The bonds are rated A+ by Crisil and the issue will be
settled later in the day. 


($1 = 81.8700 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))