Private Equity

Liquidity Events

CPPIB sells Kotak Mahindra Bank shares worth Rs.6,800-Cr; registers 2.84x return

Stock Exchange Data  

Canada Pension Plan Investment Board (CPPIB) has sold 4,00,00,000 equity shares (2.02% stake) at INR 1,700.1 per share of publicly-listed Kotak Mahindra Bank Ltd on Mar 24, 2022 through a bulk deal on BSE. The sale aggregates to INR 6,800.40 crore. Post the sale, CPPIB would hold 4.35% stake (86,310,661 equity shares) in the company.

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