Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold Rs 421 crore ($70.2 million) worth of shares in India's Kotak Mahindra Bank Ltd in stock market deals on Monday, exchange data showed.
ADIA sold about 4.8 million shares at Rs 874.55 a piece, according to data from the Bombay Stock Exchange. Kotak Mahindra shares ended down 1.3 per cent at Rs 870.90, while the main Mumbai market index rose 0.5 per cent.
($1 = Rs 60.0125)
Copyright: Thomson Reuters 2014
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
