Monday, November 25, 2024

Rs 2000-crore Kotak shares set to change hands

Monday, February 29, 2016, 17:37
This news item was posted in Business category and has 0 Comments so far.

MUMBAI: More than Rs 2000 crore worth of Kotak Mahindra Bank shares are set to change hands later tonight as a large institutional investor plans to offload its stake in the lender, three people familiar with the deal said. Citigroup is managing the share sale to be offered in the range of Rs 611.34 to 636.55 per share, Bloomberg reported earlier today. “This is a sale of close to 1.5% stake in the bank. We will know the details of this deal by early tomorrow morning,” said one of the persons cited above. Kotak shares ended at Rs 632.10 apiece up 2.66% on Bombay Stock Exchange (BSE) on Monday.

You can leave a response, or trackback from your own site.

Leave a Reply