No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 2, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Rs 6,256-crore Kotak Bank block deal: BlackRock, BofA, Nomura among marquee buyers as SMBC exits

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 2 mins read
A A
Rs 6,256-crore Kotak Bank block deal: BlackRock, BofA, Nomura among marquee buyers as SMBC exits
Share on FacebookShare on TwitterShare on LInkedIn


Japan’s Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday sold its entire 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore via block deals.

SMBC’s over 3.2 crore shares were sold to scores of buyers at a price of Rs 1,940.8 apiece which include domestic and foreign funds, asset management companies and sovereign funds. The buyers include 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 Funds Ireland Plc, Societe Generale, T Rowe Price Funds and Citigroup among others. Among domestic MFs, some of the prominent names included Aditya Birla Sun Life MF, Axis Mutual Fund, HDFC MF and several scheme of Mirae Asset.

Shares of Kotak Mahindra Bank today ended at Rs 1,972.90 on the NSE, gaining Rs 12.50 or 0.64% per share.

Kotak Mahindra shares have rallied 10% in 2025 so far while 1-year returns also hover around 10%.

The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 2,051.2 and Rs 1,998.6, respectively.

Live Events

Kotak Mahindra Bank had reported a 7% year-on-year decline in its standalone net profit for the June quarter at Rs 3,282 crore, compared to Rs 3,520 crore in the year ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25. This decline was excluding gains on KGI divestment, the company filing said. On June 18, 2024, ZKGI ceased to be a wholly-owned subsidiary and became an associate of the Bank.However, the net profit numbers came in after adjusting for the one-time gain from the sale of its general insurance business. Including the gain, the unadjusted net profit was significantly higher at Rs 6,250 crore in the year ago period.Also Read: Oracle stock turns 2025’s multibagger after 41% surge; chairman Larry Ellison beats Elon Musk to become world’s richest man

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: 6256croreamongbankBlackRockBlockBofABuyersdealExitsKotakmarqueeNomuraSMBC
ShareTweetShare
Previous Post

Wells Fargo CEO says Trump is entitled to be vocal about the Fed

Next Post

Is Oracle Heading to $410? And Should You Keep Holding ORCL Stock Here?

Related Posts

edit post
PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

by TheAdviserMagazine
October 2, 2025
0

Pepsi has a new challenge: keeping products like Gatorade and Cheetos vivid and colorful without the artificial dyes that U.S....

edit post
What CEOs are saying about the government shutdown

What CEOs are saying about the government shutdown

by TheAdviserMagazine
October 2, 2025
0

Good morning. I was talking to a CEO over the phone yesterday about the potential business impact of a government...

edit post
Sign of the times as Swiss buy euros, not dollars

Sign of the times as Swiss buy euros, not dollars

by TheAdviserMagazine
October 2, 2025
0

The Swiss National Bank may be a special case, but if you were looking for a switch in the behavior...

edit post
Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

by TheAdviserMagazine
October 1, 2025
0

Before David Risher was tasked with scripting a “comeback story” for ride-sharing company Lyft, he made a career move so...

edit post
The rise of the bro co-CEO

The rise of the bro co-CEO

by TheAdviserMagazine
October 1, 2025
0

Yesterday, Spotify founder and CEO Daniel Ek announced that he’ll be stepping down in the new year. Two of his...

edit post
Stripe is already a payments colossus. Now it wants to make stablecoins the backbone of global commerce

Stripe is already a payments colossus. Now it wants to make stablecoins the backbone of global commerce

by TheAdviserMagazine
October 1, 2025
0

Last October, the payments giant Stripe announced a blockbuster $1.1 billion acquisition of Bridge, a little-known startup focused on the...

Next Post
edit post
Is Oracle Heading to 0? And Should You Keep Holding ORCL Stock Here?

Is Oracle Heading to $410? And Should You Keep Holding ORCL Stock Here?

edit post
Jim Cramer Discusses Adobe Inc. (ADBE) Ahead Of Earnings

Jim Cramer Discusses Adobe Inc. (ADBE) Ahead Of Earnings

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Shekel gains sharply amid optimism on Trump plan

Shekel gains sharply amid optimism on Trump plan

0
edit post
James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

0
edit post
XRP Falls 2.3% As Ripple CTO David Schwartz Exits

XRP Falls 2.3% As Ripple CTO David Schwartz Exits

0
edit post
Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

0
edit post
Wall Street sets more records, but bond yields drop following discouraging data on the job market

Wall Street sets more records, but bond yields drop following discouraging data on the job market

0
edit post
Rate Cuts are Officially Here—But That Brings It’s Own Risks and Rewards

Rate Cuts are Officially Here—But That Brings It’s Own Risks and Rewards

0
edit post
James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

October 2, 2025
edit post
PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

October 2, 2025
edit post
What CEOs are saying about the government shutdown

What CEOs are saying about the government shutdown

October 2, 2025
edit post
Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

October 2, 2025
edit post
Report: The Financial Landscape of Sub-Saharan Africa

Report: The Financial Landscape of Sub-Saharan Africa

October 2, 2025
edit post
Sign of the times as Swiss buy euros, not dollars

Sign of the times as Swiss buy euros, not dollars

October 2, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create
  • PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes
  • What CEOs are saying about the government shutdown
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.