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Tag Archives: Uday Kotak

Uday Kotak sells 1.8 crore shares of Kotak Bank for Rs 1,687 crore

Uday Kotak, head of Kotak Mahindra Bank, has sold 1.80 crore shares of the bank for Rs 1,687 crore, lowering his ownership in the bank to 29.79%. The shares were sold at Rs 937.35 a piece on the Bombay Stock Exchange (BSE). This step has been taken with a view ... Read More »

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 »