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Kotak Bank to acquire entire 26% stake in Kotak Life held by OM

Kotak Mahindra Bank (Kotak Bank) has entered into an agreement to purchase the entire 26% equity stake held by Old Mutual plc, UK (OM) in Kotak Mahindra Old Mutual Life Insurance (Kotak Life) for a consideration of Rs 1,292.7 crore, subject to all regulatory and other approvals. After the completion ... Read More »