Rivals list, but Kotak resists: The case against subsidiary IPOs
Kotak Mahindra Bank is the holding company that fully owns all 20 subsidiaries of the financial services group. But unlike peers such as ICICI Bank and HDFC, Kotak CEO Ashok Vaswani sees little value in taking subsidiaries public. Here's why
Kotak Mahindra Bank is the holding company that fully owns all 20 subsidiaries of the financial services group. But unlike peers such as ICICI Bank and HDFC, Kotak CEO Ashok Vaswani sees little value in taking subsidiaries public. Here's why
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