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This Article is From Feb 26, 2019

Kotak Mahindra Bank Raises Foreign Investment Limit

Kotak Mahindra Bank Raises Foreign Investment Limit
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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.
 

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