Caisse may buy India’s Kotak stake

Canadian pension fund manager Caisse de Depot et Placement du Quebec is among suitors vying to buy a stake in Kotak Mahindra Bank Ltd being sold by India’s richest banker, said people with knowledge of the matter. Billionaire Uday Kotak is in discussions about the potential sale of more than three per cent of the lender to the Caisse, according to the people. Other investors were also competing for the stake, said the people.