Fwd: {LONGTERMINVESTORS} The Exodus Of Gods-FIIs Begin To Desert Kotak Bank, HDFC Bk, YesBank and IndusInd Bank

This communication is being and may only be distributed outside the United States in reliance on Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act") and in the United States solely to Qualified Institutional Buyers ("QIBs") as defined in Rule 144A under the Securities Act. This material is confidential and is for your information only and is not intended to be used by anyone other than you and may not be forwarded to any other person.  This information is subject to change.

KOTAK MAHINDRA BANK LIMITED - SECONDARY BLOCK TRADE OF UP TO US$300MM VIA AN ACCELERATED BOOKBUILD OFFERING

Issuer: Kotak Mahindra Bank Limited ("Kotak" or the "Company")

Selling Shareholder: Undisclosed Non-institutional Non-Promoter Foreign Shareholder

Offer Type: Accelerated Bookbuild Offering of Ordinary Shares

Primary / Secondary: 100% Secondary

Deal Size: c. US$ 300 MM; 32,800,000 shares (c. 1.8% of Kotak's outstanding share capital)

Price Range:  INR 611.34 – INR 636.55 per share

Discount Range: 1.0% premium - 3.0% discount to the closing price of INR 630.25 on Feb 29, 2016 on the BSE

Anchor Investor Tranche: Undisclosed Foreign Institutional Investor has agreed to subscribe up to 18,100,000 shares out of the 32,800,000 shares in the offering, and these 18,100,000 shares will be set aside for such foreign institutional investor

Distribution: Reg S / Rule 4 (1.5) for U.S. QIBs

Use of Proceeds: Stake monetization

Lock-up: 90 days on the Vendor's residual stake

Trade Date:  Tuesday, Mar 1, 2016 (T)

Settlement Date: Thursday, Mar 3, 2016 (T+2)

Brokerage: 40 bps plus normal market charges

FX:  1 USD / 68.42 INR

SOLE ACTIVE Bookrunner: Citi

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