MoneyWorks4Me

Kotak Mahindra Bank acquires 46.7% stake in KMPFL

18 May 2021 Evaluate

Kotak Mahindra Bank has acquired 1,30,80,000 Equity Shares (46.7% of the issued and paid-up Equity Share Capital) of Kotak Mahindra Pension Fund (KMPFL) from Kotak Mahindra Asset Management Company (KMAMC). KMPFL was a direct subsidiary of KMAMC and post the said acquisition of shares, KMPFL has now become a direct subsidiary of the Bank.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..