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Kotak Alternate Asset Managers Limited

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Kotak Mahindra Subsidiaries KMIL-KAAML Merger Approved

Kotak Mahindra Bank's wholly-owned subsidiaries KMIL and KAAML approved a merger scheme under Companies Act 2013. KMIL (₹4,156cr net worth) will merge into KAAML (₹1,481cr net worth) with 7:6 share ex