Private Equity

Liquidity Events

CPPIB sells Kotak Mahindra Bank shares worth Rs.6,124-Cr; registers 3x return

Stock Exchange Data   Venture Intelligence Research  

Canada Pension Plan Investment Board (CPPIB) has sold 33,000,000 equity shares (1.66% stake) at INR 1,855.64 per share of publicly-listed Kotak Mahindra Bank Ltd on Jun 9, 2023 through a bulk deal on the BSE. The sale aggregates to INR 6,123.61 crore. Post the sale, CPPIB would hold a 2.68% stake in the company.

From the Venture Intelligence PE-VC Deal Database: In May 2014, CPPIB invested INR 2,200 crore for 3.24% stake in Kotak Mahindra Bank by buying shares from the promoter group entity. Subsequently it invested more in the bank.