RattanIndia Power Limited announced a private placement of non-convertible debentures for the gross proceeds of INR 7,320 million on June 23, 2023. The transaction included participation from new lenders Kotak Private Credit Fund and Kotak Strategic Situations India Fund II,a fund managed by Kotak Investment Advisor Limited. Kotak Private Credit Fund invested INR 1,500 million and Kotak Strategic Situations India Fund II invested INR 5,820 million.