Billionaire Uday Kotak's Kotak Mahindra Bank weighs insurance unit stake sale, sources say

The lender is working with an adviser on the potential sale of a stake in Kotak General Insurance which could raise as much as a few hundred million dollars, the people said. The process could draw potential strategic partners as well as financial investors, the people said, asking not to be identified as the information is private.

from Banking/Finance-Industry-Economic Times https://ift.tt/iRxTK2b