BlackRock, Goldman Sachs, ADIA Take ₹6,256 Crore Kotak Mahindra Bank Stake from SMBC

New Delhi, September 11, 2025: Global investment behemoths BlackRock, Goldman Sachs, and Abu Dhabi Investment Authority (ADIA) have bought over 3.22 crore Kotak Mahindra Bank shares worth close to ₹6,256 crore after Japan’s Sumitomo Mitsui Banking Corporation (SMBC) sold part of its stake through open market transactions.

Big-Ticket Buyers Step In

The block deal saw heavy subscription by marquee domestic and global investors. Besides BlackRock, Goldman Sachs, and ADIA, other investors were Citigroup Global Markets Mauritius, Bajaj Life Insurance, Fidelity, Prudential (UK), Norway’s Government Pension Fund Global, HDFC Mutual Fund, ICICI Prudential MF, Morgan Stanley, Nippon India MF, Nomura, Societe Generale, and Tata AIG General Insurance. This broad institutional demand reflected the appeal of the stock of Kotak Mahindra Bank in the backdrop of a strong growth in the banking sector.

Details of the Stake Sale

Sumitomo Mitsui Financial Group, Inc.’s wholly owned subsidiary, SMBC, sold more than 3.22 crore equity shares, which implies a 1.62 percent stake in Kotak Mahindra Bank. The shares have been disposed of at ₹1,940.80 per share, and the overall deal value has reached around ₹6,256 crore.

After the sale, SMBC’s stake in Kotak Mahindra Bank fell significantly to 0.03 percent from 1.65 percent previously.

Kotak Mahindra Bank Stock Performance

As of 11 September at 10:22 am IST, the stock was trading at ₹1,966.30, down by ₹7.00 (0.35%). The day’s opening price stood at ₹1,977.00, with an intraday high of ₹1,983.00 and a low of ₹1,963.30. The company’s market capitalization is around ₹3.91 lakh crore, with a P/E ratio of 20.42 and a dividend yield of 0.13%. Over the past 52 weeks, the stock has touched a high of ₹2,301.90 and a low of ₹1,679.05. The quarterly dividend amount is ₹0.64.

Yes Bank Update

In a connected development, Yes Bank has communicated to stock exchanges that the Reserve Bank of India (RBI) has approved the proposed Articles of Association changes, relating to the nomination of nominee directors. The new structure will enable SMBC to nominate two directors and the State Bank of India (SBI) to nominate one director on the board of Yes Bank.

This action goes hand-in-hand with SMBC’s earlier announced strategy of buying a 20 percent stake in Yes Bank through secondary deals. The transaction involves the buying of 13.19 percent from SBI and 6.81 percent from seven other institutions, including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations