Previous close | 1,775.65 |
Open | 1,776.15 |
Bid | 0.00 x 0 |
Ask | 1,789.45 x 0 |
Day's range | 1,774.10 - 1,803.50 |
52-week range | 1,666.80 - 2,063.00 |
Volume | |
Avg. volume | 295,883 |
Market cap | 3.55T |
Beta (5Y monthly) | 0.47 |
PE ratio (TTM) | 20.40 |
EPS (TTM) | 87.54 |
Earnings date | 27 Apr 2024 - 01 May 2024 |
Forward dividend & yield | 1.50 (0.08%) |
Ex-dividend date | 04 Aug 2023 |
1y target est | 1,334.79 |
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday. Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for 40.51 billion rupees and an additional 19% holding within three years of the first purchase. The change in the deal's terms will not affect Kotak General's valuation, which was 79.43 billion rupees according to the filing from November 2023.
In this article, we will look into the top 20 most valuable Indian companies. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Valuable Indian Companies. An Outlook of the Indian Economy According to Deloitte’s Indian Economic Outlook 2023, The Indian economy is poised to emerge as […]
Zurich Insurance Group will buy a 51% stake in Kotak Mahindra Bank's general insurance arm for about 40.51 billion rupees ($487 million), giving the European insurance giant a foothold in India's fast-growing insurance market. "This development is just a matter of getting access to India, one of the key growth markets," said Emkay Global analyst Avinash Singh said. "To start from scratch, it would have taken much longer to build a brand visibility."