AU Small Finance Bank Limited has informed the Exchange regarding 'Approval granted by Reserve Bank of India (RBI) to Kotak Mahindra Bank Limited for acquiring aggregate holding of up to 9.99% of the paid-up share capital or voting rights of the Bank'.
AUBANK · price
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On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.1 pts more than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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AU Small Finance Bank has received RBI approval allowing Kotak Mahindra Bank Limited (along with its subsidiaries and managed funds) to acquire aggregate holding of up to 9.99% of the bank's paid-up share capital or voting rights. The approval was granted via RBI's letter dated May 6, 2026. The approval is subject to compliance with the Banking Regulation Act, 1949, FEMA regulations, SEBI guidelines, and other applicable statutes. Kotak Mahindra Group is a major Indian banking and financial services conglomerate. The 9.99% threshold is just below the 10% regulatory threshold that typically triggers additional disclosure and compliance requirements.
This approval positions Kotak Mahindra Group as a significant shareholder in AU SFB, which could bring strategic value and investor confidence. The near-10% stake acquisition suggests a creeping acquisition strategy that stops just short of mandatory disclosure thresholds.