Total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 pc from 43 pc.
Shares of the bank were trading 0.48 per cent up at Rs 999.50 on BSE. (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.
( Source : reuters )
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