|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1,860.70 - 1,897.70|
|52 Week Range||1,631.00 - 2,064.40|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||25.71|
|Earnings Date||Jul 21, 2023 - Jul 25, 2023|
|Forward Dividend & Yield||1.10 (0.06%)|
|Ex-Dividend Date||Aug 11, 2022|
|1y Target Est||N/A|
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India’s biggest homegrown alternative investment manager is pushing beyond real estate and distressed assets into private credit, hoping to get ahead of a wave of investment from private capital and pension funds in the fast-growing economy. Mumbai-based Kotak is the biggest Indian player in the country’s nascent alternative asset management industry. Having made its name in real estate funds, it now sees some of the best opportunities in lending directly to companies.
India's Kotak Mahindra Group asset management arm said on Wednesday it will invest 10.70 billion rupees ($129 million) in Biocon Ltd to help it fund its acquisition of Viatris Inc's biosimilars business. Biocon Biologics completed the $3.34-billion acquisition of U.S.-based Viatris's biosimilars business in late November. At the time, the company said it paid $2 billion in cash to Viatris and issued convertible preference shares worth $1 billion to fund the deal.
BENGALURU (Reuters) -India's Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a push to strengthen lending to economically weaker and underserved households. The private sector bank will acquire 26.45 million equity shares of microfinance company Sonata, of face value 10 rupees each fully paid up, for a total consideration of approximately 5.37 billion rupees, the private lender said in an exchange filing. With this, the bank will acquire 100% shareholding in Sonata.
India's Kotak Mahindra Investments plans to raise at least 750 million rupees ($9.19 million) through two bonds, one maturing in April 2026 and the other in May 2026, three merchant bankers said on Tuesday. The company has invited bids from merchant bankers and investors for the issuances on Wednesday. The issue of bonds maturing in April 2026 has a base size of 250 million rupees and a greenshoe to retain an oversubscription of 750 million rupees.
MUMBAI (Reuters) -India's Kotak Mahindra Bank reported a 31% increase in net profit on Saturday for the October-December quarter, aided by a strong top line and healthy loan growth. The lender's net profit reached 27.92 billion rupees ($344.2 million), compared with 21.31 billion in the same period last year and with an average analyst expectation of 26.28 billion, according to Refinitiv IBES data. Net interest income - the difference between interest earned and interest expended - rose 30.4% from a year ago to 56.53 billion rupees, while other income rose nearly 54%.
MUMBAI (Reuters) -India's biggest companies should be investing much more than they are currently, Uday Kotak, chief executive of Kotak Mahindra Bank said in an interview at the Reuters NEXT conference on Wednesday. He said that while interest rates were going up and there were many uncertainties for the global economy, India had benefited from supportive government policies and businesses needed to show more "animal spirit". "Taking those investment calls and being bold at this point of time is the right thing for Indian businesses to do," said Kotak, who is Asia's richest banker according to Forbes.
In this article, we will take a look at 15 of the biggest Indian companies by market cap. If you want to see more of the biggest Indian companies by market cap, go directly to 5 Biggest Indian Companies By Market Cap. Like the United States, India has experienced substantial inflation in 2022. Retail inflation was […]
The RBI may slow its intervention to protect the rupee during October-March, and allow the currency to move in alignment with global trends, Kotak Mahindra Bank said on Friday. The rupee dropped to a record low of 81.2250 to the dollar on Friday, prompting the RBI to sell dollars to prop up the currency, traders said. "We expect the INR to remain under pressure as markets continue to assess the extent of spill-overs from the (U.S.) Fed's hardening policy stance," Upasna Bhardwaj, senior economist at Kotak, said in a note.