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Uday Kotak

Tribunal okays IL&FS claim against National Highways Authority

Finance

18 February, 2021

Tribunal okays IL&FS claim against National Highways Authority

The bankruptcy tribunal has allowed an IL&FS unit to receive the settlement claim it made against the National Highways Authority ......

Grapevine: Kotak Mahindra Bank eyes IndusInd; Warburg looks to sell CleanMax stake

General

26 October, 2020

Grapevine: Kotak Mahindra Bank eyes IndusInd; Warburg looks to sell CleanMax stake

Private-sector lender Kotak Mahindra Bank is looking to buy smaller rival IndusInd Bank, media reports said. Kotak Mahindra chief Uday Kotak ......

IL&FS says aims to resolve nearly 60% of debt despite pandemic delays

Finance

20 July, 2020

IL&FS says aims to resolve nearly 60% of debt despite pandemic delays

India’s Infrastructure Leasing & Financial Services (IL&FS) said on Monday it expected to resolve about 57% of its near trillion ......

SWFs, pension funds line up for a stake in Kotak Mahindra Bank

Finance

02 June, 2020

SWFs, pension funds line up for a stake in Kotak Mahindra Bank

Uday Kotak, the promoter and single-largest shareholder of Kotak Mahindra Bank Ltd, sold a 2.8% stake in the private-sector lender ......

Sensex, Nifty rise as gains in financials offset Moody's rating cut

Markets

02 June, 2020

Sensex, Nifty rise as gains in financials offset Moody's rating cut

Indian shares ended higher on Tuesday for a fifth straight session as a rally in financial stocks and positive broader ......

IL&FS gets court nod to sell GIFT City stake to Gujarat govt

Infrastructure

27 May, 2020

IL&FS gets court nod to sell GIFT City stake to Gujarat govt

Infrastructure Leasing & Financial Services Ltd (IL&FS) has received an insolvency court’s approval to sell its 50% stake in Gujarat ......

Grapevine: Alfanar Group to sell India power projects; BigBasket eyes $200 mn funding

General

26 May, 2020

Grapevine: Alfanar Group to sell India power projects; BigBasket eyes $200 mn funding

Saudi Arabia-based Alfanar Group has tasked JM Financial to look for a buyer for half of its 600 megawatts (MW) ......

Kotak Mahindra Bank reaches deal with RBI on cutting promoter stake

Finance

30 January, 2020

Kotak Mahindra Bank reaches deal with RBI on cutting promoter stake

Kotak Mahindra Bank Ltd and the Reserve Bank of India have reached an agreement on reducing billionaire Uday Kotak’s stake ......

SEBI extends deadline to split chairperson, MD roles at listed companies

Finance

13 January, 2020

SEBI extends deadline to split chairperson, MD roles at listed companies

The Securities and Exchange Board of India (SEBI) has extended a deadline for the country’s top 500 publicly listed companies ......

IL&FS plans to sell real estate assets, Gift City stake

Infrastructure

02 January, 2020

IL&FS plans to sell real estate assets, Gift City stake

Infrastructure Leasing & Financial Services Ltd (IL&FS) is planning to sell its real estate assets worth Rs 3,500 crore ($490.53 ......