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Kotak Bank likely to buyout M&M Financial Services

Kotak Bank likely to buyout M&M Financial Services

Tuesday, March 28, 2017, 6:34 PM

Kotak Mahindra Bank on Tuesday said it planned to raise capital selling shares triggering speculation that it may raise as much as Rs. 10,000 crores for a possible buyout of a non-banking finance company, which may be Mahindra & Mahindra Financial Services Ltd. Kotak Mahindra Bank may announce buying out Mahindra and Mahindra Financial Services in part cash and part stock deal.
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