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Kotak Mahindra Bank has acquired 1.3 crore shares i.e., around 46.7% equity of Kotak Mahindra Pension Fund from Kotak Mahindra Asset Management Company Limited (KMAMC). Where is Kotak Mahindra Bank headquartered?

Kotak Mahindra Bank has acquired 1.3 crore shares i.e., around 46.7% equity of Kotak Mahindra Pension Fund from Kotak Mahindra Asset Management Company Limited (KMAMC). Where is Kotak Mahindra Bank headquartered? Correct Answer Mumbai

The correct answer is Mumbai.

  • Kotak Mahindra Bank has acquired 1.3 crore shares i.e., around 46.7% equity of Kotak Mahindra Pension Fund from Kotak Mahindra Asset Management Company Limited (KMAMC).
  • KMPFL was a direct subsidiary of KMAMC and post the said acquisition of shares, KMPFL has now become a direct subsidiary of the bank.
  • The acquisition was completed on May 17, 2021, with a cash consideration of ₹12.71 crores.
  • Kotak Mahindra Bank is headquartered in Mumbai.

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