While the exact stake that the New York-based firm is going to acquire was not mentioned in the statement released by the company, it was shared that Kotak Investment Banking is going to be the exclusive financial advisor for this deal.
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Coming from middle-class families, Ashneer Grover and wife Madhuri Jain Grover together built an astute business profile with a net worth of at least Rs 21,300 crore, before a heated and abusive telephone call with a Kotak Mahindra Bank s employee, that went viral in early January, triggered their downfall.