“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)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.