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Edelweiss fund: Edelweiss fund to back Matrix Lab founder's buyout of Viatris API biz

Kotak is lending $150 million (₹1,250 crore) under a mezzanine debt facility to Prasad at 18-20% and arranging an additional $300 million from other lenders including Edelweiss Domestic Performing Credit Fund, two people close to the development said. The Edelweiss fund is lending the money, a senior debt facility, at 10-11%. ....

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kvs manian: KVS Manian likely to join Federal Bank after stepping down from Kotak Mahindra

At the time of the announcement, Manian said that he was tendering his resignation from Kotak Mahindra Bank to pursue other opportunities in the financial services sector that he is currently exploring. Manian also stepped down from his position on the board of the bank. ....

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Kotak Mahindra Bank Joint MD KVS Manian steps down with immediate effect

Following Manian's exit, the Wholesale, Commercial and Private Bank will now report directly to Vaswani, while the Asset Reconstruction Division will report to Shanti Ekambaram, Deputy Managing Director. ....

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Kotak Mahindra Bank news: KVS Manian resigns as Joint Managing Director of Kotak Mahindra Bank with immediate effect

KVS Manian resigned as the Joint Managing Director of Kotak Mahindra Bank, effective immediately. He had been re-designated to this position on March 1, 2024. In his resignation letter, Manian cited his decision to pursue other opportunities in the financial services sector. He expressed gratitude for his time with Kotak Mahindra Bank and highlighted his contributions to the group s success, particularly in expanding its retail banking division. Manian, an electrical engineer from IIT BHU Varanasi, joined the bank in 1995 and played a crucial role in its transformation from an NBFC to a full-fledged bank. ....

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Kotak Bank Joint MD KVS Manian resigns with immediate effect

Kotak Bank Joint MD KVS Manian resigns with immediate effect
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