Japan’s Sumitomo Mitsui Banking Corporation sold 3.22 crore shares of the company, in a deal valued at ₹6,256 crore, where shares changed hands at an average price of ₹1,941 apiece. SMBC intended to sell 3.2 crore shares that it owned at the end of the June quarter.
Abu Dhabi Investment Authority (ADIA) was one of the buyers in the block deal that took place in Kotak Mahindra Bank on Wednesday, according to official data released last evening.
Other buyers in the block deal included Goldman Sachs Bank Europe SE, Amundi Funds – Emerging Markets Equity Focus, Goldman Sachs Investments (Mauritius) I Limited, BlackRock Global Funds – India Fund (BGF India Fund), BofA Securities Europe SA, Copthall Mauritius Investment, Citigroup Global Markets Mauritius, among others.
Here is look at the funds who purchased shares in the block deal:
| Fund | No. Of Shares Bought |
| Aditya Birla Sun Life MF | 2.12 Lakh |
| Abu Dhabi Investment Authority | 1.33 Lakh |
| Amundi Funds – Emerging Markets Equity Focus | 67,000 |
| Bandhan MF | 95,000 |
| BlackRock Global Funds – India Fund | 3.29 Lakh |
| BofA Securities Europe SA | 2.3 Lakh |
| Goldman Sachs Bank Europe SE | 74,000 |
| Goldman Sachs Investments (Mauritius) I Ltd | 93,000 |
| Copthall Mauritius Investment | 93,000 |
| Citigroup Global Markets Mauritius | 93,000 |
| BNP Paribas Financial Markets | 5.78 Lakh |
| Bajaj Allianz Life Insurance | 2.92 Lakh |
| Aditya Birla Sun Life Banking and Financial Services Fund | 1.91 Lakh |
| Malaysia Sdn Bhd | 1.06 Lakh |
Kotak Mahindra Bank was also part of CNBC-TV18’s D-Street Chatter on Tuesday, when it was reported that a large deal may take place in the lender soon.
Last month, Sumitomo Mitsui received approval from the Reserve Bank of India to acquire up to 25% stake in Yes Bank. The transaction is now subject to approval from the Competition Commission of India and other customary conditions.
In May this year, SMBC announced that it plans to acquire up to 20% stake in Yes Bank through a secondary share sale worth over ₹13,483 crore, making it the largest shareholder of the bank. It will be acquiring that stake from a consortium of lenders led by State Bank of India, who had rescued the bank from a liquidity crisis back in 2020.
Shares of Kotak Mahindra Bank ended 0.64% higher on Wednesday at ₹1,972.90. The stock has gained 10% so far in 2025.
