Kotak Mahindra Bank Surges Over Report That Berkshire May Invest

Shares of Kotak Mahindra Bank posted their sharpest surge in nearly nine years on Friday following a report that billionaire investor Warren Buffett's Berkshire Hathaway Inc is planning to pick up a 10 per cent stake in the bank. Kotak Mahindra Bank denied the report in a regulatory filing, by saying it is “unaware of any plans by Berkshire Hathaway buying stake in the bank”. The private sector bank also said it has “nothing to repor...