CPPIB, CDPQ buy Kotak Mahindra Bank stake worth $338 mln: Reuters
Canada's two largest pension funds have bought a stake of about 1.5 percent in India's Kotak Mahindra Bank for about 22.55 billion rupees (US$338 million) from its founder and chief executive Uday Kotak, Reuters reported, citing stock exchange data. Caisse de dépôt et placement du Québec bought 18.4 million shares in the bank in a block deal at 817 rupees apiece, while Canada Pension Plan Investment Board bought another 9.2 million shares at 817 rupees each, the data showed. Kotak Mahindra is India's fourth-biggest private sector lender by assets.
8 March 2017•1 min read
