Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has raised over Rs 5,803 crore through Qualified Institutional Placement (QIP) issue.  The bank had launched the QIP issue on May 11, 2017. The securities issuance committee of the board of the bank in its meeting on May 16, 2017 approved the issue price of Rs 936 apiece for 6.2 crore equity shares.

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.