IndusInd Bank Limited
Kotak Mutual Fund increased its stake in IndusInd Bank from 4.16% to 4.47%, acquiring 23,21,324 shares. The value of the additional shares is ₹238.48 crore at a price of ₹1027.20 apiece.
A private sector commercial bank incorporated in 1994, IndusInd Bank provides a comprehensive range of banking products and financial services to corporate and retail clients across India. The bank undertakes treasury operations and maintains a presence at International Financial Service Centres within the country. As a publicly held institution, it delivers diverse financial solutions including deposit accounts, lending products, and investment services to its customer base.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.