Kotak Mahindra Bank Block Deal: ADIA, Amundi Funds and More were Key Buyers

On September 10, Kotak Mahindra Bank witnessed a significant block deal, drawing interest from both domestic and international institutional investors.

SMBC Divested 3.22 Crore Shares

Japan-based Sumitomo Mitsui Banking Corporation (SMBC) offloaded 3.22 crore shares of Kotak Mahindra Bank in a transaction valued at approximately ₹6,256 crore. The shares were sold at an average price of ₹1,941 apiece, aligning closely with the 3.2 crore shares SMBC held as of the June quarter.

Among the prominent buyers in this deal was the Abu Dhabi Investment Authority (ADIA), as revealed by official exchange data published on Wednesday evening. A host of other marquee names also participated, including:

• Goldman Sachs Bank Europe SE
• Amundi Funds – Emerging Markets Equity Focus
• Goldman Sachs Investments (Mauritius) I Ltd
• BlackRock Global Funds – India Fund
• BofA Securities Europe SA
• Copthall Mauritius Investment
• Citigroup Global Markets Mauritius
• BNP Paribas Financial Markets
• Bajaj Allianz Life Insurance, and more.

Key Institutional Buyers and Their Share Purchases:

Kotak Mahindra Bank Q1FY26 Earnings Highlights

For the first quarter of FY26, the Bank reported a consolidated Profit After Tax (PAT) of ₹4,472 crore, marking a 1% year-on-year (YoY) increase compared to ₹4,435 crore in Q1FY25, excluding the one-time gain from the divestment of Kotak General Insurance (KGI) in the previous year. Consolidated Customer Assets, comprising Advances (including IBPC and BRDS) and Credit Substitutes, rose to ₹557,369 crore as of June 30, 2025, registering a robust 13% YoY growth from ₹494,105 crore in the corresponding period last year.

Also Read: Muthoot Finance Infused ₹200 Crore into Muthoot Homefin to Aid Business Growth

The Bank’s total Assets Under Management (AUM) grew to ₹750,143 crore, up 18% YoY from ₹636,311 crore. Within this, Domestic Mutual Fund Equity AUM saw a strong 22% YoY increase, reaching ₹357,323 crore. The consolidated net worth of the Bank as of June 30, 2025, stood at ₹164,903 crore. Book Value per Share rose to ₹829, reflecting a 17% YoY increase from ₹710 as of June 30, 2024.

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