Kotak Mahindra in a potential takeover of smaller rival IndusInd Bank

by Psu Connect
Date: 26-10-20

There is a discussion happening between both the banks for the merger via a share swap, according to the sources. Yet there is no such official statement has been made by both banks.

Mumbai: There is a prospect that the Kotak Mahindra Bank is exploring a potential takeover the IndusInd Bank Ltd, accordingly. this deal will be a significant expansion in Kotak Mahindra’s retail banking sector.

There is a discussion happening between both the banks for the merger via a share swap, according to the sources. Yet there is no such official statement has been made by both banks.

The chief communication officer of Kotak Mahindra Group Mr. Rohit Rao said We have no comments to offer. on the other hand, the promoters of the IndusInd Bank said it rumors.

Whereas the promoters strongly reaffirm in support of the bank.

Kotak Mahindra in a potential takeover of smaller rival IndusInd Bank

There is a discussion happening between both the banks for the merger via a share swap, according to the sources. Yet there is no such official statement has been made by both banks.

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