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.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
