Kotak MF Acquires Over 5% Stake in South Indian Bank

Kotak Mahindra Mutual Fund (KMMF) has acquired a significant stake in South Indian Bank Ltd., crossing the 5% threshold of the company's issued equity share capital. The acquisition was made through various KMMF schemes via open market purchases. Following the acquisition, KMMF's total holding, including shares carrying voting rights and other convertible instruments, now stands at 5.1595% of the total voting capital. The total diluted share capital of South Indian Bank remains at 2,61,80,66,063 equity shares.