Kotak Mahindra Prime to raise Rs 50 crore via debentures
Posted on 10th May 2016 |
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Kotak Mahindra Prime said Tuesday it will raise Rs 50 crore by issuing debentures on a private placement basis. "The company intends to issue secured, redeemable, non- convertible debentures of the face value of Rs 10 lakh each, amounting to Rs 50 crore, on a private placement basis," it said in a BSE filing. |
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Kotak Mahindra Bank outpaces ICICI Bank in market cap, shares up
Posted on 4th May 2016 |
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Rising spree of Kotak Mahindra Bank shares helped the lender to surpass ICICI Bank in terms of market capitalisation on Tuesday. The share price of Kotak Mahindra Bank surged over 6 per cent in the past two months since the central bank removed it from foreign investment ban list. On the other hand, ICICI Bank shares gained 0.38 per cent during the same period till May 3. |
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Kotak Mahindra Bank gains on heavy volumes
Posted on 28th March 2016 |
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Kotak Mahindra Bank was trading higher by nearly 3% to Rs 678 on the BSE, on back of heavy volumes in otherwise weak market. In early morning trade at 09:16 AM, around 3.5 million equity shares of Kotak Mahindra Bank changed hands through block deal, the BSE data shows. |
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Kotak Mahindra, CPPIB launch stressed assets fund
Posted on 15th March 2016 |
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The Kotak Mahindra Group and Canada Pension Plan Investment Board (CPPIB) on Monday announced a $525-million fund, joining the growing tribe of stressed assets players in India. Senior executives said the fund, to be called Kotak Special Situations Credit Fund, would have a mandate to invest in bank non-performing assets (NPAs) as well as structured debt extended to companies directly. |
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Kotak Mahindra launches $525 million stressed asset fund with CPPIB
Posted on 14th March 2016 |
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Mumbai: Kotak Mahindra Group has tied up with Canadian Pension Plan Investment Board (CPPIB) to launch a $525 million fund to invest in the stressed asset market in India. The Canadian pension fund manager will have the option to invest up to $450 million in this partnership, Kotak Mahindra Group said in a statement on Monday. |
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Canada pension fund buys stake in Kotak Mahindra Bank
Posted on 1st March 2016 |
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Mumbai: Japan’s Sumitomo Mitsui Banking Corp. on Tuesday sold a large part of the Kotak Mahindra Bank Ltd stake to Canada Pension Plan Investment Board (CPPIB), which manages 268.6 billion Canadian dollars ($203.09 billion) in pension fund assets, according to two people aware of the development. On Monday, Mint reported that Sumitomo was looking to sell almost half of its stake in the private sector lender for around $300 million (approximately Rs.2,050 crore). |
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Kotak stake in Airtel arm
Posted on 24th February 2016 |
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Mumbai, Feb. 23: Kotak Mahindra Bank is picking up a 19.90 per cent stake in Airtel M Commerce Services Ltd (AMSL) for Rs 98.38 crore. AMSL has got in-principle approval from the Reserve Bank to convert into a payments bank. |
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Kotak Mahindra Bank Q3 net up 30% to Rs 938 cr
Posted on 18th January 2016 |
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Private sector lender Kotak Mahindra Bank has posted a 30.3% increase in net profit to Rs 938.31 crore for the third quarter ended December 31. The bank had recorded a consolidated net profit of Rs 719.57 crore in the October-December quarter last fiscal, Kotak Mahindra Bank said in a statement today. |
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Kotak Mahindra Bank gets IRDAI nod to commence insurance business
Posted on 21st November 2015 |
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Kotak Mahindra General Insurance Company (Kotak General Insurance) on Friday said it has got IRDAI approval to commence business as an insurance company. With this, the company has completed all registration formalities required by the regulator, Kotak Mahindra General Insurance said in a statement. |
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Full fungibility of foreign investment norms: Axis, YES, Kotak to benefit
Posted on 12th November 2015 |
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The government’s decision to remove sub-limit restrictions within the overall limit of 74 per cent of foreign direct investment for private sector lenders is seen as a positive for banks such as Axis Bank and YES Bank that have lower foreign investment. Foreign investment in HDFC Bank, however, is close to the overall cap of 74 per cent, and will not gain much because of the move. |
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