Kotak bank founders sell 3.2% stake

The Kotak Mahindra Bank founder group has sold 3.24% of its stock, bringing down the total promoters share to just over 40%, as per Reserve Bank guidelines. The 3.24% shares were sold at a price of 880 Rs per share, total worth about 324 million dollars, to Canada Pension Plan Investment Board. The Canada agency now owns over 4% in the Bank.

Medaram Jathara

Connect with us



© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of v6news.tv are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.