The issue consists of a fresh issue of Rs 580 crore and an offer for sale of upto Rs 3,420 crore by its promoter Shiv Chand Kansal. Currently Kansal holds 50 percent stake in the firm.
Kotak Mahindra Bank's Q2 FY25 net profit missed Street expectations, but net interest income surpassed estimates. The bank said its Gross Non Performing Assets also shrunk year-on-year.