Kotak Mahindra Bank Restructuring and Other Developments

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Kotak Mahindra Investments Ltd (KMIL) stops new loan sanctions Apr 1; existing services continue, business shifts departmentally to parent for RBI compliance and synergies. No material impact on turnover/profitability. ₹160 Cr FD fraud probe: FIR filed, reconciling Panchkula Corp accounts. KMCC sells 9.9% Infina stake (2.18L shares) to Derive Trading/Bright Star for ₹413 Cr total ₹1,294 Cr. Shares up 1.11% to ₹434 recently after 3 sessions gain.