Kotak Mahindra Bank Block Deal: Sale of 1.05 Crore Shares Worth ₹2,066 Crore

On Aug 7, 2025, Kotak Mahindra Bank shares will be in focus as a major block deal is expected in Kotak Mahindra Bank Ltd. As reported by CNBC Awaaz, one of the major shareholders is preparing to divest 1.05 crore shares. 

Kotak Mahindra Bank Block Deal

The floor price for the Kotak Mahindra Bank Block Deal has been set at ₹1,955 per share, reflecting a 2.4% discount to the bank’s most recent closing price. The total value of the deal is estimated at ₹2,066 crore, which represents approximately 0.5% of the bank’s total equity. Global investment bank JP Morgan is acting as the broker for the transaction.

Kotak Mahindra Bank Q1 FY26 Financial Highlights

Kotak Mahindra Bank reported a net profit of ₹3,281.7 crore for the first quarter of FY26, falling short of analysts’ expectations pegged at ₹3,442 crore. The figure marks a steep decline of 57.5% compared to ₹6,250 crore in the same quarter last year.

Net interest income (NII) stood at ₹7,249 crore, closely aligning with Street estimates of ₹7,293 crore. This reflects a year-on-year increase of 6.1% from ₹6,842 crore reported in Q1 FY25.

However, asset quality showed some deterioration. Gross non-performing assets (GNPA) rose to ₹6,637.7 crore in Q1 FY26 from ₹6,134 crore in Q4 FY25, translating to a GNPA ratio of 1.48%, up from 1.42% in the previous quarter.

Similarly, net non-performing assets (NNPA) increased to ₹1,531 crore, compared to ₹1,343 crore in the preceding quarter. The NNPA ratio rose slightly to 0.34%, up from 0.31%.

Also Read: Paytm Bulk Deal: Antfin Exits, Societe Generale Buys ₹720 Crore Worth of Shares

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