Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs. 660.80, up by 8.30 points or 1.27% from its previous closing of Rs. 652.50 on the BSE.

The scrip opened at Rs. 651.00 and has touched a high and low of Rs. 662.50 and Rs. 650.80 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 676.95 on 11-Dec-2012 and a 52 week low of Rs. 418.25 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 676.95 and Rs. 647.10 respectively. The current market cap of the company is Rs. 49,114 crore.

The promoters holding in the company stood at 45.16% while Institutions and Non-Institutions held 33.67% and 21.03% respectively.

Kotak Mahindra Bank’s subsidiary - Kotak Mahindra Capital Company (Kotak Investment Banking), has entered into an exclusive strategic alliance for cross-border M&A advisory services between India and Japan with Sumitomo Mitsui Banking Corporation (SMBC) and SMBC Nikko Securities Inc. (SMBC Nikkei), a wholly-owned subsidiary of SMBC.

Through this alliance, Kotak Investment Banking, SMBC and SMBC Nikko will play an active role in the growing cross-border M&A activity between India and Japan. The partnership leverages their combined advisory capabilities, strong knowledge of local markets and long-standing corporate relationships to provide high-quality advice and grow cross-border M&A opportunities for their respective clients.

SMBC is the core financial institution of Sumitomo Mitsui Financial Group (SMFG), the second largest financial services group in terms of market capitalization in Japan. SMBC Nikko is one of the largest full-service securities and investment banking firms in Japan. With a combined team of over 500 investment banking professionals in Japan, SMBC and SMBC Nikko have advised on 90 transactions with announced deal value of over $24 billion in CY2012 year-to-date.

In 2010, Kotak and SMBC entered into a Memorandum of Understanding (MoU) for Business Cooperation across various businesses of mutual interest, subject to relevant regulations. Since then, both groups have collaborated in and are working on a number of areas such as trade finance, treasury products, corporate customer referrals, asset management and alternate assets. The cooperation is now being extended to investment banking to complete a holistic bouquet of offerings, serving corporate in India and Japan for India-Japan flows and deals.