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Kotak Investment Banking Enters into India-Japan Cross-Border M&A Advisory Services

Kotak Investment Banking Enters into Exclusive Strategic Alliance with Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc. for India-Japan Cross-Border M&A Advisory Services

Mumbai, December 13, 2012: Kotak Mahindra Capital Company Limited ("Kotak Investment Banking"), a subsidiary of Kotak Mahindra Bank Limited and one of India's leading investment banks, today announced the formation of an exclusive strategic alliance for cross-border M&A advisory services between India and Japan with Sumitomo Mitsui Banking Corporation ("SMBC") and SMBC Nikko Securities Inc. ("SMBC Nikko"), a wholly-owned subsidiary of SMBC.

Through this alliance, Kotak Investment Banking, SMBC and SMBC Nikko will play an active role in the growing cross-border M&A activity between India and Japan. The partnership leverages their combined advisory capabilities, strong knowledge of local markets and long-standing corporate relationships to provide high-quality advice and grow cross-border M&A opportunities for their respective clients.

SMBC is the core financial institution of Sumitomo Mitsui Financial Group ("SMFG"), the second largest financial services group in terms of market capitalization in Japan. SMBC Nikko is one of the largest full-service securities and investment banking firms in Japan. With a combined team of over 500 investment banking professionals in Japan, SMBC and SMBC Nikko have advised on 90 transactions with announced deal value of over US$ 24 billion in CY 2012 year-to-date (Source: Thomson Reuters).

In 2010, Kotak and SMBC entered into a Memorandum of Understanding (MoU) for Business Cooperation across various businesses of mutual interest, subject to relevant regulations. Since then, both groups have collaborated in and are working on a number of areas such as trade finance, treasury products, corporate customer referrals, asset management and alternate assets. The cooperation is now being extended to investment banking to complete a holistic bouquet of offerings, serving corporates in India and Japan for India-Japan flows and deals.

Commenting on the alliance, Mr. TV Raghunath, Managing Director & CEO, Kotak Investment Banking said, "We are very pleased to partner with SMBC and SMBC Nikko, two world-class institutions with very deep investment banking reach and franchise in Japan. Japan is a priority market for cross-border M&A with India, and the growing relationship and synergies between the two countries will only continue to get stronger. We are confident that through this alliance we can offer the best opportunities, advice and solutions to our clients."

The India-Japan corridor is one of the most important and active markets for cross-border M&A involving India. For CY 2012 YTD, Japan ranks among the top 3 acquiring nations into India and 3 of the 10 largest announced M&A transactions involving India took place in this corridor. This is expected to increase in the future as the linkages between the two economies continue to grow.

Kotak Investment Banking and GCA Savvian Corporation have mutually concluded their exclusive strategic cooperation agreement for M&A Advisory Services between India and Japan.

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