Bloomberg had reported that Uday Kotak is exploring an all-stock acquisition and has held initial talks over the proposal in which the founders of IndusInd Bank could retain a stake in the lender after a deal.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/kotak-mahindra-denies-takeover-talks-with-indusind-but-says-its-open-for-ma-opportunities/articleshow/78874099.cms
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