Caisse may buy In­dia’s Ko­tak stake

New Straits Times - - Business / World -

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.

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