Profit

Kotak Mahindra may use SMBC stake sale proceeds to fund acquisitions

PUBLISHED ON: June 30, 2010 | Duration: 2 min, 33 sec

  
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Kotak Mahindra Bank has said Japan's Sumitomo Mitsui Banking Corp will acquire 4.5 per cent stake, worth Rs 1,366 crore in the bank. Post the stake sale, the market is abuzz with Kotak Mahindra Bank scouting for possible targets in the domestic market.
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