“Promoters of Kotak Mahindra Bank, led by MD & CEO Uday Kotak, reduced their stake in the private sector lender to 19.7 per cent after the bank issued preference shares worth Rs 5 billion to investors. Before the issue, promoters held 30.03 per cent in the bank,” reported Business Standard.

AZB & Partners advised Kotak Mahindra Bank Limited led by a team of partner Varoon Chandra and lawyer Richa Choudhary.

2018-08-01

Deal value: Rs 500 crore ($75m)

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