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Informist, Friday, Sept. 25, 2026

--Board of Kotak Mahindra Invest OKs merger with Kotak Alternate Asset 

NEW DELHI – The board of Kotak Mahindra Investments Ltd. approved a merger with Kotak Alternate Asset Managers Ltd., with effect from Apr. 1, parent Kotak Mahindra Bank said Friday in an exchange filing. The board has approved of a scheme of amalgamation of the bank's wholly-owned subsidiaries to comply with the RBI guidelines and "as part of group simplification and operational synergies."

From Apr. 1, Kotak Mahindra Investments ceased sanctioning new loans and Kotak Mahindra Investments effected the assignment and transferred its entire bankable loan portfolio to Kotak Alternate Asset Managers on and from Jul. 1, the bank said. The business activities of Kotak Mahindra Investments are being conducted departmentally within the bank, it said.

Currently, Kotak Mahindra Investments is only engaged in the acquisition and disposal of securities as part of its treasury investments and portfolio, the bank said. Kotak Alternate Asset Managers is primarily engaged in the business of alternate asset management and investment advisory services. As of Mar. 31, the net worth of Kotak Mahindra Investments and Kotak Alternate Asset Managers was INR 41.56 billion and INR 13.83 billion, respectively. 

For the June quarter, the bank posted a net profit of INR 41.23 billion and total income of INR 178.16 billion. Friday, shares of the bank closed at INR 404 apiece on the National Stock Exchange, slightly lower than the previous close.  End

Reported by Radhika Tiwari

Edited by Avishek Dutta

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