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GIC hikes stake in CPPIB-backed Kotak Mahindra Bank

By Ankit Doshi

  • 15 Nov 2018
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GIC hikes stake in CPPIB-backed Kotak Mahindra Bank
Credit: Thinkstock

Singapore’s sovereign wealth fund GIC has increased its shareholding in Kotak Mahindra Bank Ltd while Scottish investment firm Edinburgh Dragon Trust and TfL (Transport for London) Pension Fund have bought minority stakes in India’s fourth-largest private-sector lender. GIC, which owned 1.36% stake as on September 2018 via its affiliate entity Caladium ......

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