Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

In addition to the recommendation to buy ING &nbsp;Vysya Bank Limited ("IVBL")This insights provides deeper analysis to the&nbsp;recommended&nbsp;hedges instead of shorting the&nbsp;Acquirer, Kotak Mahindra Bank ("KMB")&nbsp;<ul><li>We believe that there is much synergies to be enjoyed by shareholders of KMB after the merger with IVBL</li><li>We believe Kotak will outperform its peers as synergies from the deal are realized</li></ul>Hedging against the Indian Banking Sector will allow us to fully capture the rerate of Kotak with minimal sector risk Possible Candidates<ul><li>Central Bank of India ("CBOI") &nbsp;</li><ul><li>There is no single stock futures available for CBOI; cannot be shorted</li></ul><li>Federal Bank Ltd ("FB")&nbsp;</li></ul><blockquote>We feel that CBOI and FB are fully priced at the moment.&nbsp;We suggest that holders sell CBOI and buy IVBL or short FB&nbsp;to protect against downside risk in the Indian Financial Sector</blockquote>

In addition to the recommendation to buy ING &nbsp;Vysya Bank Limited ("IVBL")This insights provides deeper analysis to the&nbsp;recommended&nbsp;hedges instead of shorting the&nbsp;Acquirer, Kotak Mahindra Bank ("KMB")&nbsp;We believe that there is much synergies to be enjoyed by shareholders of KMB after the merger with IVBLWe believe Kotak will outperform its peers as synergies from the deal are realizedHedging against the Indian Banking Sector will allow us to fully capture the rerate of Kotak with minimal sector risk Possible CandidatesCentral Bank of India ("CBOI") &nbsp;There is no single stock futures available for CBOI; cannot be shortedFederal Bank Ltd ("FB")&nbsp;We feel that CBOI and FB are fully priced at the moment.&nbsp;We suggest that holders sell CBOI and buy IVBL or short FB&nbsp;to protect against downside risk in the Indian Financial Sector 

Kotak Mahindra + ING Vysya: How to capture the RERATE with minimal sector risk

Ing Vysya Bank

Kotak Mahindra + ING Vysya: How to capture the RERATE with minimal sector risk