Canada Pension Plan buys stake in Kotak Mahindra Bank1 min read . Updated: 02 Mar 2016, 03:56 AM IST
Sumitomo Mitsui Banking sells a large part of its Kotak Mahindra stake to Canada Pension Plan Investment Board
Mumbai: Japan’s Sumitomo Mitsui Banking Corp. on Tuesday sold a large part of its stake in Kotak Mahindra Bank Ltd to Canada Pension Plan Investment Board (CPPIB) that manages pension fund assets worth 268.6 billion Canadian dollars (US$203.09 billion), according to two people aware of the development.
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