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ING trims holding in Kotak Mahindra Bank; CPPIB invests $189 mn more

Ranjani Raghavan

Dutch financial services firm ING Group sold more than a third of its holding in Kotak Mahindra Bank on Thursday, nearly two years after acquiring the stake as part of an all-stock merger between its local banking venture and the Indian lender.

 Exclusive: TransUnion hikes stake in CIBIL

Disha Sharma

Chicago-headquartered TransUnion Llc has raised its holding in Credit Information Bureau (India) Ltd (CIBIL) by taking out Indian Overseas Bank (IOB’s) stake in the firm, a person directly involved in the transaction told VCCircle.

TransUnion picked 5% stake held by IOB.

ICICI Prudential Life makes forgettable debut; stocks slump 11% on issue price


ICICI Prudential Life Insurance Co. Ltd made a disappointing debut on the stock markets on Thursday, with its shares ending almost 11% lower from the issue price after India’s biggest initial public offering in six years.

MCX to become single-largest shareholder in Metropolitan Stock Exchange

Bruhadeeswaran R

Commodity bourse operator Multi Commodity Exchange of India Ltd (MCX) will get to hike its holding in online trading platform Metropolitan Stock Exchange of India Ltd (formerly known as MCX Stock Exchange Ltd) after getting an approval from the regulator to exercise the options that will lead MCX