AU Small Finance Bank Receives RBI Approval for Kotak Mahindra Group Acquisition
AU Small Finance Bank Limited reported receiving RBI approval for Kotak Mahindra Bank Limited (KMBL) to acquire an aggregate holding in the bank. The approval, received via RBI's letter dated May 6, 2026, allows KMBL, along with its subsidiaries and the funds or schemes managed by these subsidiaries collectively known as the Kotak Mahindra Group, to acquire a stake in AU SFB.The core transaction detailed in the notification grants the group permission to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in AU Small Finance Bank.
AUBANK Stock Price Movement
Shares of AU Small Finance Bank Limited are edging higher to ₹1024.2 as of 9:23 AM today, gaining 0.02% in live trading. The stock has seen a modest volume of 45,695 shares traded so far, testing a daily range between ₹1022.3 and ₹1031.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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