Extremely Wealthy
Billionaire Buys ING Vysya in Record Indian Deal
Billionaire Uday Kotak’s Kotak Mahindra Bank Ltd. (KMB) agreed to buy ING Vysya Bank Ltd. for 150 billion rupees ($2.4 billion) in the largest takeover of a lender in India. Kotak Mahindra will pay 725 shares for every 1,000 shares of ING Vysya, Mumbai-based Kotak said yesterday. The deal implies…
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