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

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