Asia's richest banker Kotak may acquire rivals to resolve stake dilution woes

Asia's richest banker Kotak may acquire rivals to resolve stake dilution woes

Uday Kotak. Photographer: Simon Dawson/Bloomberg

A rebuff from the regulator may set Asia’s richest banker Uday Kotak on a $17 billion acquisition trail, as he seeks to meet a year-end deadline to reduce his stake in Kotak Mahindra Bank Ltd. below 20 percent.

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