Kotak Mahindra Bank’s (KMB) decision to sell part of its stake seems opportune, given its aggressive growth plans. The bank will raise Rs 1,366 crore by selling a 4.5% stake to Sumitomo Mitsui Banking Corporation (SMBC) of Japan.
This would raise its capital adequacy ratio (CAR) to 24% from 18%, the highest among local banks. CAR [...]

Talk of Karnataka Bank being acquired refuses to die down. A couple of weeks ago, there was a speculation about Axis Bank looking to buy Karnataka Bank.
The latest buzz is that Kotak Mahindra Bank may be in talks to buy the private bank. Senior Kotak Bank officials denied that they were in talks to buy [...]

Standard Chartered hopes its upcoming India share sale to raise up to $750 million will boost growth in one of the British bank’s fastest growing markets, its chief executive said on Monday.
The British bank will start selling shares in India from May 25 to 28, and the pricing will be decided one day prior to [...]

Equities ended a lacklustre session on a flat note Friday, due to lack of triggers from global markets and as in-line January IIP failed to lift sentiments.
Index of Industrial Production for the month of January grew at 16.7% versus 17.6% a month ago. Manufacturing output was up 17.9%. April-Jan IIP showed growth at 9.6% (YoY).
“India’s [...]

Equities ended a lacklustre session on a flat note Friday, due to lack of triggers from global markets and as in-line January IIP failed to lift sentiments.
Index of Industrial Production for the month of January grew at 16.7% versus 17.6% a month ago. Manufacturing output was up 17.9%. April-Jan IIP showed growth at 9.6% (YoY).
“India’s [...]

Hair oil producer Bajaj Corp Ltd said it has filed regulatory application for an initial public offering of 4.5 million shares.
The price range of the IPO was not yet decided, it said on Wednesday. The offer would constitute 15.3 percent of its post-issue paid up equity capital and the IPO proceeds would be used for [...]

With a host of realty initial public offers set to hit the markets to raise Rs 2,790 crore in the Draft Red Herring Prospectus. Oberoi Constructions, yet another real estate major, too is looking to raise about Rs 1,500 crore.
The Lodha Developers DRHP was filed yesterday.What I understand from the DRHP is that the capital [...]