CCI Clears Kotak Mahindra Bank’s Deutsche Retail Deal, Approves KKR-Backed Gentari Investment
India’s competition regulator has cleared Kotak Mahindra Bank’s acquisition of Deutsche Bank’s retail and wealth management business in India, removing a key regulatory hurdle for a transaction that will expand Kotak’s consumer banking footprint. In a separate approval, the Competition Commission of India also cleared KKR-backed Sapphire US Holdco’s proposed subscription to securities of Gentari Renewables India, underscoring continued investor interest in India’s financial services and clean energy sectors.
