India’s A.K. Capital unit plans Rs. 2 billion secured redeemable notes

By Susanna Moon

Chicago, March 1 – AK Capital Services Ltd. notified the Bombay Stock Exchange that A. K. Capital Finance Private Ltd., a material subsidiary, plans to issue Rs. 2 billion of secured redeemable debentures.

The notes will be sold with a face value of Rs. 100,000 each in multiple series in one or more tranches through a private placement, according to a company announcement.

The notes will be rated and listed.

New Delhi-based AK Capital is a brokerage firm.

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