Kotak Mahindra Bank sells 70% stake in Kotak Mahindra General Insurance

Kotak Mahindra Bank Ltd. | Bank - Private | BFSI | BSE: 500247 | NSE: KOTAKBANK

19 Jun 2024 Evaluate

Kotak Mahindra Bank has sold 70% stake of Kotak Mahindra General Insurance Company to Zurich Insurance Company (Zurich). With this, Kotak General has ceased to be a wholly-owned subsidiary of the Bank on June 18, 2024 and the Bank now holds the remaining 30% of the share capital of Kotak Mahindra General Insurance Company.

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	718.80
ICICI Bank	1358.30
Axis Bank	1248.00
Kotak Mahindra Bank	416.15
Indusind Bank	949.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.