Kotak Mahindra’s promoters and their IndusInd Bank counterparts have entered into talks for the merger through a share swap, said one of the two people cited above, who requested anonymity as the talks are private. The two sides are certainly still in exploratory talks and no decision has been made. …
Read More »Kotak Mahindra Plans to Acquire Smaller, Rival IndusInd Bank: Report
Uday Kotak is analyzing the possibility of a full acquisition of shares. Kotak Mahindra Bank Ltd., backed by Asia’s richest banker, is exploring an acquisition of small Indian rival IndusInd Bank Ltd., people with knowledge of the matter said, a move that would create the country’s eighth largest financial firm …
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