SBI Mutual Fund has raised its stake in Kotak Mahindra Bank to over 5%. Kotak Mahindra Bank revealed that the fund house acquired 21.57 lakh shares through the open market on June 5, as reported in an exchange filing on Tuesday.
With the fresh addition, SBI Mutual Fund's stake in Kotak Mahindra Bank increased to 5.01%, it said.
Shares of Kotak Mahindra Bank were trading 1.35% lower at Rs 1,722 apiece on the BSE.
ADVERTISEMENT
RECOMMENDED FOR YOU
Nifty 50 Top Gainers, Losers On June 25: Titan, Infosys To BEL, Kotak Mahindra Bank
Jun 25, 2025
'India's Saver Turns Investor': Uday Kotak Cheers Robust Mutual Fund AUM Growth, But Here's The Caution
Jun 20, 2025
Nifty Top Gainers, Losers On June 9: Jio Financial, Kotak Mahindra Bank To Eternal
Jun 09, 2025
Top Indian Banks End FY25 With Stable Margins, Steady Profitability
Jun 02, 2025
POPULAR
1
Tata Technologies Q1 FY2026 Results: Date, Earnings Call Details, Share Price History And More
2
'Why Did You Cut Off The Fuel?' — Final Cockpit Audio Reveals Confusion Before Air India Crash
3
Anthem Biosciences Mobilises Rs 1,016-Crore From Anchor Investors
4
Meta Acquires Voice AI Startup PlayAI, Continuing To Add Talent
5