Mumbai: Kotak Investment Banking has been recognized as the Best Investment Bank in India and Best Equity Capital Markets (ECM) House in India, and Kotak Securities as the Best Broker in India in the FinanceAsia Country Awards for Achievement 2014.
Kotak has been named the best investment bank in India for 8 out of the last 9 years and the best ECM house in India for 5 out of the last 7 years by FinanceAsia.
In FY2014, Kotak Investment Banking completed a diverse set of 14 transactions across the Equity Product spectrum, raising a total of Rs. 152.37 billion. In M&A Advisory, Kotak advised on a wide array of 21 transactions across a range of products and sectors, for a total deal value of US$ 3 billion.
Validation by FinanceAsia:
Kotak Investment Banking bags our best investment bank award as its franchise has a good mix between equity capital markets and M&A advisory, due in part to its roots.
Mergers & Acquisitions
It was an adviser to the committee of independent directors of Glaxo SmithKline Pharmaceuticals, on the open offer by majority shareholder Glaxo Smithkline. Kotak was also an exclusive financial adviser to the Mahindra group for its global alliance in Auto Components with Spain’s CIE Automotive.
Equity Capital Markets
Among the local banks, Kotak Investment Banking stood out for arranging major equity deals such as Power Grid Corp of India’s follow-on public offering and rights issues for Tata Power and Godrej Properties (for which it was a sole bookrunner),
It also has strong distribution capabilities, an example of this being Power Grid’s follow-on offering where Kotak procured 36% of the overall demand, which was more than any other bank.
It was a sluggish year for Indian brokerages…However, Kotak Securities proved to be a market leader, particularly in institutional broking. The bank has a comprehensive platform that provides brokerage, research and distribution services to both institutional and retail clients.