Kotak Mahindra Bank Limited (KOTAKBANK.BO)
| Previous close | 1,679.15 |
| Open | 1,675.00 |
| Bid | 1,691.55 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 1,675.00 - 1,708.25 |
| 52-week range | 1,000.35 - 2,029.95 |
| Volume | |
| Avg. volume | 263,876 |
| Market cap | 3.348T |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 38.35 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 1,334.79 |
- Reuters
India's Kotak Mahindra to buy microfinance lender Sonata Finance for $65 million
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.
- Reuters
Kotak Mahindra Investments to issue multiple-tenor bonds - traders
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.
- Reuters
India's Kotak Mahindra Bank quarterly net profit jumps 31%
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%.
