Kotak Mahindra Bank Block Deal: Shareholder to sell ₹2,066 crore stake at ₹1,955 floor price
Published on 06/08/2025 11:14 PM
Kotak Mahindra Bank Block Deal: Shareholder to sell ₹2,066 crore stake at ₹1,955 floor priceShares of Kotak Mahindra Bank Ltd ended at ₹2,002.15, down by ₹0.85, or 0.042%, on the BSE.By Jomy Jos Pullokaran August 6, 2025, 11:14:26 PM IST (Published)2 Min ReadA block deal is expected in private sector lender Kotak Mahindra Bank Ltd, with one shareholder set to offload 1.05 crore shares, according to sources cited by CNBC Awaaz.
The floor price for the transaction has been fixed at ₹1,955 per share, representing a 2.4% discount to the bank’s last closing price. The total deal value stands at ₹2,066 crore, accounting for approximately 0.5% of Kotak Mahindra Bank’s equity. JP Morgan is brokering the deal.
First Quarter Results
The bank reported a net profit of ₹3,281.7 crore in the June quarter, missing Street estimates of ₹3,442 crore. It was 57.5% lower than the previous year's ₹6,250 crore.
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Its net interest income was at ₹7,249 crore, near Street estimates of ₹7,293 crore. The NII increased 6.1% to ₹6,842 crore from the lender's reported in the first quarter of the previous fiscal.
Kotak Mahindra Bank's gross non-performing assets (NPA) increased to ₹6,637.7 crore in the first quarter from ₹6,134 crore in the fourth quarter of the financial year 2025. It was at 1.48% in the June quarter in comparison to 1.42% in the previous one.
Its net non-performing assets for the June quarter increased to ₹1,531 crore from ₹1,343 crore sequentially. It was at 0.34% in the first quarter in comparison to 0.31% in the previous one.
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Shares of Kotak Mahindra Bank Ltd ended at ₹2,002.15, down by ₹0.85, or 0.042%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsblock dealKotak Mahindra Bankshare market today