Japanese financial services institution Sumitomo Mitsui Banking Corporation has sold 1.62 percent stake in private sector lender Kotak Mahindra Bank via open market transactions on September 10.
Kotak Bank stock advanced 0.66 percent to Rs 1,973.3 on the NSE, technically sustaining below all key moving averages. Overall, the stock has been consolidating since July 28, especially after major crash.
Sumitomo Mitsui Banking Corporation (SMBC) sold 3,22,34,820 equity shares (1.62 percent stake out of its total 1.65 percent shareholding) in Kotak at Rs 1,940.8 per share via block deals, amounting to Rs 6,256.1 crore.
Several global and domestic institutional investors participated in the block deals launched by SMBC for stake sale in Kotak Mahindra Bank including global marquee names like Goldman Sachs, ABU Dhabi Investment Authority, T Rowe Price, Allianz Global, Amundi Funds, Ashoka Whiteoak, Blackrock Global Funds, Citigroup Global, Eastspring Investments, Factory Mutual Insurance Company, Fidelity Funds, Morgan Stanley, Nomura, Norges Bank, Prudental Asset Management, Societe Generale, and Viridian Asia.
Domestic institutional investors like 360 ONE Asset Management, Aditya Birla Sun Life Mutual Fund, Axis MF, Bajaj Alliance Life Insurance, Bandhan MF, DSP MF, HDFC AMC, ICICI Prudential Life Insurance Company, ICICI Prudential MF, Mirae Asset, Nippon India MF, SBI Life Insurance Company, IDFC MF, ITI MF, TATA AIG General Insurance, and Tata MF also made significant investment in the bank.
Meanwhile, the action was also seen in Healthcare Global Enterprises which ended the session with 0.75 percent gains at Rs 695.
Global private equity CVC-backed Aceso Company sold 79,41,913 equity shares (equivalent to 5.69 percent stake) in Bangalore-headquartered healthcare provider Healthcare Global Enterprises (HGE) for Rs 551.96 crore via two transactions.
Aceso offloaded 63 lakh shares at Rs 695 per share, and 16,41,913 shares at Rs 695.01 per share on the NSE.
In the first transaction, those 63 lakh shares were acquired by Motilal Oswal MF, Plutus Wealth Management, Morgan Stanley, and Nippon India Mutual Fund at Rs 696 per share, while in the second deal, out of 16.41 lakh shares, Axis Mutual Fund picked 9.5 lakh shares at same price.
Aceso had held 1.22 crore shares (8.76 percent stake) in Healthcare Global Enterprises as of June 2025.
Promoter entity Equilibrated Venture Cflow acquired 46,04,670 shares (over half a percent stake) in Paisalo Digital at Rs 37.48 per share, valued at Rs 17.25 crore. The stock corrected 1.89 percent on Wednesday to close at Rs 36.93.
HDFC Mutual Fund sold 8,93,098 shares in Bajel Projects at Rs 195.01 per share, and 10 lakh shares at Rs 195 per share, which in total were 18,93,098 shares (1.63 percent stake) valued at Rs 36.9 crore. The stock closed at Rs 194.98, down 1.15 percent.
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