Merger25 Sept 2026, 08:20 pm
Kotak Mahindra Bank Subsidiaries to Amalgamate
AI Summary
Kotak Mahindra Bank Ltd. announced that its wholly-owned subsidiaries, Kotak Mahindra Investments Limited (KMIL) and Kotak Alternate Asset Managers Limited (KAAML), have approved a Scheme of Amalgamation. KMIL, with a net worth of ₹4,156 crore and revenue of ₹1,383 crore, will merge with KAAML, which has a net worth of ₹1,481 crore and revenue of ₹837 crore. The amalgamation aims to simplify the group structure, align with RBI's new framework, eliminate duplicate infrastructure, and strengthen KAAML's capital capacity. The scheme is subject to regulatory and shareholder approvals.
Key Highlights
- Two wholly-owned subsidiaries, KMIL and KAAML, to amalgamate.
- KMIL has net worth ₹4,156 Cr; KAAML has net worth ₹1,481 Cr.
- Amalgamation aims for group simplification and operational synergies.
- Scheme requires regulatory and shareholder approvals.
Price Impact
More from KOTAKBANK