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Kotak Mahindra Bank completes sale of equity shares in Airtel Payments Bank

02 Sep 2021 Evaluate

Kotak Mahindra Bank has completed sale of 20,00,00,000 equity shares (8.57% shareholding on a fully diluted basis) of Airtel Payments Bank to Bharti Enterprises on August 31, 2021 for an aggregate sale consideration of Rs 294.8 crore.

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
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