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Kotak Mahindra Bank to raise Rs 5662 crore via QIP

Kotak Mahindra Bank is looking to raise around Rs 5662 crore through sale of 6.20 crore shares through qualified institutional placement (QIP). This share sale is part of stake reduction exercise by its promoter Uday Kotak, the vice-chairman of the bank, as per the RBI advice. The company’s board of ... Read More »