KMMF’s Stake in South Indian Bank Crosses 5% Mark Following Open Market Purchase
Kotak Mahindra Mutual Fund (KMMF) has acquired equity shares of South Indian Bank Ltd., with its consolidated holding surpassing the 5.00% threshold after an open market purchase. The acquisition, completed on July 21, 2026, established KMMF as a significant investor in the bank.The details of the acquisition show that Kotak Mahindra Mutual Fund increased its stake following the transaction, which was executed through the open market. The fund’s holding prior to the acquisition stood at 4.5981%, after which the consolidated ownership grew to 5.1595%.
The financial parameters and holdings of KMMF concerning South Indian Bank Ltd. are detailed below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights (KMMF) | 120,361,168 (4.5981%) | 135,055,500 (5.1595%) |
| VRs otherwise than by equity shares | 14,694,332 (0.5614%) | N/A |
| Total Stake | 4.5981% | 5.1595% |
The total voting capital of South Indian Bank Ltd. before the acquisition was recorded at 2,61,80,66,063 equity shares of Rs. 1. The bank’s total diluted share/voting capital after the said acquisition remains the same as per the provided data.
SOUTHBANK Stock Price Movement
As of 10:33 AM, The South Indian Bank Limited sheds value in live trading, slipping by 3.33% to trade at ₹45.92. The stock moves amidst an intraday low of ₹45.90, with over 4.1 million shares recorded as the bank equity trades lower.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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