Business Standard Uday Kotak

Kotak said in an interview in 2005.

Business standard uday kotak. Uday kotak born 15 march 1959 is an indian billionaire banker and the executive vice chairman and managing director of kotak mahindra bank. When contacted by business standard the kotak bank spokesperson said in an emailed statement that the bank had no comments to offer. Read more about govt extends term of uday kotak as non exec il fs chairman by another year on business standard.

In early 1980s while india was still a closed economy and economic growth was muted kotak decided to start out on his own refusing a lucrative job option from a multinational. Spurning his family s trading business uday kotak started a finance firm in 1985 then went on convert it into a bank in 2003. Read more about uday kotak to offload 2 8 in kotak bank on business standard.

Uday kotak uday kotak to offload 2 8 in kotak bank kotak mahindra bank plans to raise rs 7 500 cr via sale of equity shares kotak launches 1 bn qip will issue 65 mn new shares for rs 1 147 75 each. His kotak mahindra bank is now among india s top four banks in the. In 1997 it was purchased by kotak mahindra finance in a deal led by now kotak mahindra bank managing director and ceo uday kotak.

Abp had lived in the hope that the government would allow the london based financial times to take an equity stake in business standard limited and bring in the much needed funds. Why should an investor be barred from selling his investments which are currently hammered on account of the pandemic said kotak. Read more about not averse to takeover of weak biz during covid 19 crisis.

Uday kotak and the hinduja family have held initial talks over the proposal in which the founders of indusind bank could retain a stake in the lender after a deal another person said. Kotak is expected to sell 56 million shares in a block deal via secondary placement in a price range of rs 1 215 1 240. In the report on uday kotak s meeting with potential buyers of business standard is an observation that bahlã â â s cnbc tv18 currently dominates that space backed by indiaã â â s largest business newspaper the economic times.