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Kotak Mahindra Bank agrees to subscribe stake in KFin Technologies

20 Sep 2021 Evaluate

Kotak Mahindra Bank has agreed to subscribe to 1,67,25,100 Equity Shares in KFin Technologies for a consideration of approximately Rs 310 crore translating into an equity shareholding of 9.98% on September 19, 2021. The transaction is subject to customary closing conditions.

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 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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