Kotak Mahindra Bank share price: Shares of Kotak Mahindra Bank are expected to be in the limelight on Wednesday, July 1, as it executed a business transfer agreement (BTA) with Deutsche Bank Aktiengesellschaft (DBAG), acting through its Indian branch.
Mahindra Bank inked the agreement on June 30 to acquire DBAG’s retail banking, private banking and wealth management business in India for a total purchase price of approximately ₹281.7 crore, according to a regulatory filing dated Tuesday.
“Kotak Mahindra Asset Management Company Limited (Kotak AMC) and Kotak Alternate Asset Managers Limited (KAAML) (both being wholly owned subsidiaries of Kotak Bank) have entered into non-binding term sheets with Deutsche Investments India Private Limited (DIIPL) (which is a subsidiary of DBAG) for referral of clients for Portfolio Management Services and Investment Advisory, respectively. This remains subject to the definitive agreements to be entered into in this regard by DIIPL with Kotak AMC and KAAML, respectively. Kotak Bank will make relevant disclosure(s) upon signing of such definitive agreements,” the filing read.
The acquisition, as per Kotak Mahindra Bank, is aligned with its strategy to build a scaled and customer-centric affluent and Small and Medium-sized Enterprises (SME) banking franchise, bringing together a well-established customer base and experienced teams.
The proposed transaction is expected to be completed by September 2027, subject to the satisfactory completion or waiver (if applicable) of the customary and contractual conditions in accordance with the provisions of the BTA, it added.
The entire consideration will be discharged by Kotak Mahindra Bank only in cash, with the purchase price subject to adjustments in accordance with the terms and conditions set out in the BTA.
Additionally, the acquisition is subject to approval from the Competition Commission of India (CCI), the National Securities Depository Limited (NSDL), the Central Depository Services (India) Limited (CDSL) for transfer of the depository business of the DBAG in India, and other regulatory approvals, if any.
Furthermore, the proposed transaction involving the acquisition of DBAG’s business undertaking, which includes its retail banking, private banking and wealth management business in India, by Kotak Mahindra Bank is not a related party transaction.
As of March 31, 2026, the business undertaking had total advances of approximately ₹29,000 crore and its total deposits stood at about ₹16,000 crore.
About Deutsche Bank
Deutsche Bank, a leading multinational investment bank and financial services company, was founded in Berlin, Germany in 1870. Later, it was integrated into the newly founded European Asian Bank, which opened its first branch in India in 1980 in Mumbai.
It has also been licensed as a scheduled commercial bank by the Reserve Bank of India (RBI) for carrying on banking business in India through its branches.
Kotak Mahindra Bank stock performance
Shares of Kotak Mahindra Bank closed 0.82% lower at ₹392.25 per unit on the National Stock Exchange (NSE) on Tuesday, June 30. However, the announcement was made after the markets closed.
The scrip has lost more than 1% in the past week but gained 3% over the month. On a year-to-date basis, it has fallen 11%.
While the stock hit a 52-week high of ₹453.20 per equity on October 20, 2025, it touched a year’s low of ₹345.50 apiece on April 2, 2026.
Kotak Mahindra Bank has a total market capitalisation of ₹3.94 lakh crore as of June 30, 2026, according to data on the NSE.