Kothari Soya

Kotak Mahindra Finance KOTAK MAHINDRA FINANCE is issuing 15,50,000 14 per cent partly convertible debentures of Rs 90 each at par for Rs 1,395 lakh, of which 2 lakh debentures are being issued to the promoters, directors, etc, and the balance of 13,50,000 debentures are being issued to the public Out of the public issue, 77,500 debentures are reserved for preferential allotment to directors/employees and the balance of 12,72,500 debentures are being offered to the Indian public. The issue will open on January 2, 1992. Kotak Mahindra Finance, promoted principally by Uday S Kotak, is a leader in bills discounting in the private sector. It has a significant presence in other financial activities as well, particularly in leasing and hire purchase. The company's income in in 1989-90), profit before tax Rs 1,060