SMBC lands Rp21bn from slippage free Kotak block
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SMBC lands Rp21bn from slippage free Kotak block

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Sumitomo Mitsui Banking Corp sold half its stake in India’s Kotak Mahindra Capital this week, raising Rp20.69bn ($300m) in the year’s first block trade in the country. And in a rare case, the deal managed to bypass the problem of slippage typical with sell-downs in India. Jonathan Breen reports.

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