Business Companies 26 Feb 2019 Kotak Mahindra Bank ...

Kotak Mahindra Bank raises foreign investment limit

REUTERS
Published Feb 26, 2019, 3:06 pm IST
Updated Feb 26, 2019, 3:06 pm IST
Total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 pc from 43 pc.
The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank. (Photo: PTI)
 The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank. (Photo: PTI)

Kotak Mahindra Bank Ltd on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 per cent from 43 per cent.

The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank.

 

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