Kotak Mahindra Bank 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.
Kotak Mahindra Bank 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.
Sign Up with Google
ADVERTISEMENT
RECOMMENDED FOR YOU
POPULAR
1
Mumbai: Government Office Timings May Change To Ease Train Rush; Committee To Examine Feasibility
2
Parliament Monsoon Session: Major Bills Likely To Be Taken Up in The Monsoon Session
3
Foreign Investors Sitting On Highest Nifty Short Positions So Far This Year | Profit Insights
4
Watch: Delta Airlines Boeing 767 Makes Emergency Landing After Engine Catches Fire, No Injuries Reported
5