Kotak Trustee Company Private Limited sells stake in Kotak Mahindra Bank Ltd

Kotak Trustee Company Private Limited, a promoter group entity of Kotak Mahindra Bank Ltd, has on August 21, 2014 sold 16,00,000 shares of the Bank.

The above sale has been undertaken pursuant to RBI's requirement to reduce the promoter shareholding in the Bank as communicated on May 26, 2014.

Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.1016.1 as compared to the previous close of Rs. 997. The total number of shares traded during the day was 1774597 in over 8712 trades.

The stock hit an intraday high of Rs. 1026.9 and intraday low of 995. The net turnover during the day was Rs. 1777211370.

Source : Equity Bulls

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