The share price of Kotak Bank has been volatile this year and only rose 9.6 percent and came from a peak of £ 2,268.80 that hit it in April
Sumitomo Banking Corporation plans to leave its interest Kotak Mahindra Bank via a block deal with a value of a maximum of $ 700 million or £ 6,166.4 crore, a term sheet showed.
The Japanese financial institution will sell up to 3.28 crore share or entire 1.65 percent in the bank in a deal with a floor price of £ 1,880, which is a discount of 4.1 percent for the closing price of the shares of Kotak Bank on the NSE.
The share price of Kotak Bank has been volatile this year and only rose 9.6 percent and came from a peak of £ 2,268.80 that it achieved in April.
In 2010, Sumitomo had acquired an interest of 4.5 percent in the Indian private lender, for £ 1,366 crore, for £ 833 per share.
Kotak Securities, Jefferies and Nomura are the joint placement agents for the deal.
In the meantime, Blue Jet Healthcare’s promoter Akshay Bansarilal Arora sells to 6.83 percent in the company for a total amount of £ 800 crore, via an offer for sale. He had 69 percent interest in the company at the end of June.
The OFS has a basic size of £ 400 crore at a floor price of £ 675 per share, a discount of 7.6 percent to the closing price of the share on the NSE.
There is an oversubundal option for another £ 400 crore.
The offer is open for non-retail investors on 10 September and for retail investors on 11 September, the offer shows.
Blue Jet Healthcare mentioned on the Bourses in 2023, and the stock price has since rated more than 87 percent.
Published on September 9, 2025
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