RS 6.256-Crore Kotak Bank Block Deal: BlackRock, Bofa, Nomura among selection buyers such as SMBC outputs

The Japanese Sumitomo Mitsui Banking Corporation (SMBC) sold its full interest of 1.65% on Wednesday in Kotak Mahindra Bank for RS 6,256 Crore via Blok Deals.

The more than 3.2 CRORE shares from SMBC were sold to dozens of buyers at a price of RS 1,940.8 each, including domestic and foreign funds, asset management companies and sovereign funds. The buyers are 360 ​​One Asset Management, Abu Dhabi Investment Authority, BlackRock Global Funds -India Fund, BNP Paribas Financial Markets, Bofa Securities, Morgan Stanley Asia (Singapore) PTE – ODI, Nomura Fundseland Plc. Among the domestic MFS includes some of the prominent names Aditya Birla Sun Life MF, Axis Mutual Fund, HDFC MF and various schedule of Mirae Asset.

Shares of Kotak Mahindra Bank today ended in RS 1,972.90 on the NSE, with RS 12.50 or 0.64% per share.

Kotak Mahindra shares have so far set 10% in 2025, while 1-year returns also float around 10%.

The share is currently being traded among the 50-day and 200 days of simple advancing averages (SMAs) of RS 2,051.2 and RS 1,998.6 respectively.

Kotak Mahindra Bank had reported a 7% decrease on an annual basis in his independent net profit for the quarter of June at RS 3,282 Crore, compared to RS 3,520 Crore in the period of the year ago. The net interest income (NII) for Q1FY26 rose to RS 7,259 Crore, an increase of 6% yoj compared to RS 6,842 Crore in Q1FY25. This decline was to exclude the profit on KGI deSvestment, the company application said. On June 18, 2024, ZKGI no longer held a full subsidiary and became an employee of the bank. However, the net profit came in after correction for the one -off profit of the sale of its general insurance activities. Including the win, the non -corrected net profit was considerably higher at RS 6,250 Crore in the period of the year ago. Read also: Oracle Stock runs multibagger from 2025 after 41% rise; Chairman Larry Ellison beats Elon Musk to become the world’s richest man

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