Sumitomo Mitsui Banking Corporation 
Dealstreet

JSA, TT&A, Ashurst act on SMBC sale of shares in Kotak Mahindra Bank for Rs 6,256 crore

The sale was done on the screen-based trading platform of the BSE Limited and the National Stock Exchange of India Limited.

Bar & Bench

Japan's Sumitomo Mitsui Banking Corporation has made a secondary sale of up to 1,64,00,000 equity shares, i.e. ~1.65% shareholding in Kotak Mahindra Bank Limited, for an approximate value of ₹6,256 crore (~$700 million).

JSA Advocates and Solicitors advised Sumitomo Mitsui Banking Corporation on this share sale.

The transaction team consisted of Vikram Raghani (Lead Partner), Birbahadur Sachar (Partner), Vaishnavi Vyas (Senior Associate), and Rashika Sharda (Associate).

Vikram Raghani, Bir Bahadur Singh Sachar

TT&A advised Jefferies India Private Limited, the broker on the transaction.

The transaction team consisted of Abhinav Kumar (Partner) and Indira Satish (Senior Associate).

Abhinav Kumar

Ashurst LLP served as the international Legal Counsel to the Broker.

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