India's Kotak Mahindra Bank ropes in GIC, others for $1b QIP: Report

India's Kotak Mahindra Bank ropes in GIC, others for $1b QIP: Report

Photo: Reuters

Global investors including Singapore sovereign wealth fund GIC, Oppenheimer, Canada Pension Plan Investment Board (CPPIB) and Capital International have reportedly participated in Kotak Mahindra Bank’s $1 billion (around 7,500 crore) qualified institutional placement (QIP).