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xbox
Senior Member
Joined: 10/Sep/2006
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Posts: 2001
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   Posted: 24/Nov/2006 at 9:27am |
The Bank has announced de-merger of the Primary Dealership division of Kotak Capital Company Limited into the Bank, which is in progress.
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I liked this idea. All retail operations must be at sinlge entity but Kotak needs one strategic partner.
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Don't bet on pig after all bull & bear in circle.
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 24/Nov/2006 at 9:41am |
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I do not think they are majority shareholders there.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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reetesh
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Joined: 01/Sep/2006
Location: India
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Posted: 24/Nov/2006 at 11:48am |
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I am not sure why they need strategic partner. Whats wrong in it to go alone I dont understand? Just because HDFC Bank, ICICI Bank, YES bank has X,Y,Z, investor(s), thats why they also need a big investor I don`t agree, that must do value addtion to anything and I am not sure what else a BIG western country investor will bring in to Kotak Bank. As far as YES having RABO bank with it is concern, they need them because that will bring money and expertise, ICICI and HDFC had to sell some part of there promoter stake to any investor be it small or strategic partner because of RBI guidelines...
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When going gets tough, that’s when tough (people) gets going.
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reetesh
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Joined: 01/Sep/2006
Location: India
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Posted: 25/Nov/2006 at 12:45pm |
Kotak are de-merging there investment banking division from Kotak bank..
Kotak Mahindra Capital Company (KMCC) helps leading Indian corporations, banks, financial institutions and government companies access domestic and international capital markets.
It has been a leader in the capital markets, having consistently led the league tables for lead management in the past five years, leading 16 of the 20 largest Indian offerings between fiscal 2000 and 2006.
KMCC has the most current understanding of investor appetite, having been the leading book runner/lead manager in public equity offerings in the period FY 2002-06 (Source: Prime Database).
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When going gets tough, that’s when tough (people) gets going.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 26/Nov/2006 at 11:57am |
As indicated on Page 13 of our Annual Report, the Kotak Group holds 39.98% in Business Standard.
This what is I got from them..
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When going gets tough, that’s when tough (people) gets going.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posted: 27/Nov/2006 at 2:26pm |
Sir, can you give us a ballpark figure of Business-Standard? (How much it is worth)
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When going gets tough, that’s when tough (people) gets going.
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basant
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Posted: 27/Nov/2006 at 2:35pm |
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I was thinking of that but we cannot compare it to anything since ET is not listed.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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reetesh
Senior Member
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Location: India
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Posted: 27/Nov/2006 at 2:47pm |
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Ok, I understand that Deccan is in some what different business, but just if we can compare, after ET, BS comes in pink paper..
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When going gets tough, that’s when tough (people) gets going.
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