News for Kotak Mahindra Mutual Fund (KTKIND4RG.BO)

Jubilant Bhartia Group is set to raise ₹5,650 crore through NCDs to partially fund its ₹12,650 crore acquisition of a 40% stake in Hindustan Coca-Cola Holdings. Jubilant Beverages and Jubilant Bevco will issue bonds with implied annualised yields around 9%. Meanwhile, Jubilant FoodWorks is halting expansion of Dunkin' Donuts and Hong's Kitchen to focus on Domino's Pizza and Popeyes.

Key results: Hindalco, Solar Industries, Max Healthcare, United Spirits, Torrent Pharma, Dixon Technologies, Zydus Lifesciences, NHPC, Fortis Healthcare, Religare Enterprise, Man Infra, Bansal Wire, 63 Moons, Arvind SmartSpaces, F Dredging Corporation, Wheels India

India Business News: Kotak Mahindra Mutual Fund acquired a 6.6% stake in Ami Organics for approximately Rs 301 crore through open market transactions, while Ami Organics'

Kfin Technologies Ltd.'s promoter General Atlantic Singapore Fund Pte. Ltd., sold 1.69 crore shares or 9.98% stake at Rs 1,040.31 apiece, taking the total sale value worth Rs 1,758.12 crore through bulk deal on Tuesday. Societe Generale bought highest stake 2.01% stake or 34.47 lakh shares at Rs 1,040 apiece. This takes the deal value to around Rs 358.49 crore.

Global investment firm Carlyle Group on Friday exited PNB Housing Finance by selling its entire 10.44% stake for Rs 2,712 crore through open market transactions.Quality Investment Holdings PCC offloaded more than 1.73 crore shares of PNB Housing Finance on the NSE and the Carlyle group arm sold 98.07 lakh shares of city-based PNB Housing Finance in eight tranches on the BSE, as per the separate block deals on the bourses.

India’s MF behemoth, SBI Mutual Fund, is swinging low to get more Mungerilals into the stock market via SIPs.

The promoter of JB Chemicals & Pharmaceuticals Ltd. sold 5.8% stake in the company for Rs 1,459 crore through an open market transaction on Thursday. The New York and Hong Kong-based investment firm— Tau Investment Holdings offloaded 89.83 lakh shares or 5.8% at 1625 apiece, according to a bulk deal data on NSE.

Kotak Mahindra Asset Management Co. became the latest to announce the launch of the 'Choti SIP' facility. The Systematic Investment Plan will be available for all eligible schemes of Kotak Mahindra Mutual Fund, it stated in a press release on Thursday.

Defence equipment manufacturer Solar Industries India on Friday announced that the firm bagged a ₹2,150 crore international defence supply export order, according to a BSE filing.

The move signifies a shift in Amazon’s investment strategy in India.

According to data from the National Stock Exchange (NSE), Amazon, via its investment arm Amazon.com NV Investment Holdings, sold approximately 44 lakh shares, or a 4% stake, in Mumbai-based Shoppers Stop. The shares were sold at an average price of Rs 627.60 each, resulting in a transaction value of Rs 275.89 crore.

Ecommerce major Amazon has exited Shoppers Stop by selling nearly 4% stake in the retail chain for INR 275.88 Cr via a block deal.

As per NSE block deal data, Omega Telecom Holdings Pvt Ltd, a Vodafone Group entity, sold 5.963 crore shares — or 2.26% — in Indus Towers at Rs 353.7 a piece, aggregating Rs 2,109.41 crore. Usha Martin Telematics Ltd, another Vodafone Group entity, sold its near 1.96 crore shares — or 0.74% in India’s second-largest tower company — also at Rs 353.7 a piece, aggregating Rs 692.28 crore.

Vodafone sold its final 3% stake in Indus Towers for Rs 2,801.7 crore. Multiple global investors purchased the shares. Vodafone will use some proceeds to repay debt. The remaining amount will be invested in Vodafone Idea. This investment will help Vodafone Idea pay its dues to Indus Towers. Vodafone Idea's financial health is crucial for Indus Towers.

NTPC Green Energy IPO raises Rs 3,960 crore from 107 anchor investors, including LIC, Goldman Sachs, and Singapore Government. IPO opens with a Rs 10,000 crore target.

Premji Invest-backed PI Opportunities Fund-I sold its entire 5.76% stake in Medplus Health Services for Rs 482 crore through large trades. The fund, controlled by Azim Premji’s Premji Foundation, divested 68.93 lakh shares at Rs 700 per share.

Fixed income mutual funds of longer duration continue to gain attractiveness amidst impending monetary easing, along with the economy's resilient macro-economic fundamentals.

Bharti Airtel: The debt will be issued in seven tranches, with anchor investors including major financial players such as JP Morgan, ICICI Prudential Mutual Fund, Barclays Merchant Bank Singapore, Nippon India Mutual Fund, SBI Mutual Fund, Kotak Mahindra Mutual Fund, Axis Mutual Fund, and Franklin Templeton Mutual Fund. Barclays and Standard Chartered Bank have been appointed as arrangers for the issuance.

In this interview, Nilesh Shah, MD at Kotak Mahindra AMC, delves into current market valuations, the rise of passive and index funds, how AI will impact the mutual fund industry and more.