Kotak Securities Ltd to sell its stake in Entroq Technologies Pvt Ltd

Kotak Securities Limited (KSL), a wholly-owned subsidiary of Kotak Mahindra Bank Limited has, on October 17, 2023, entered into an agreement for sale of its entire shareholding of around 7.50% in the total share capital of Entroq Technologies Private Limited to Delente Technologies Private Limited.

KSL holds 100 Equity shares and 10,568 Cumulative Compulsorily Convertible Preference Shares ("CCCPS") in ETPL. The consideration receivable on this entire shareholding is as below: Rs. 508.06 per equity share and per CCCPS (including a premium of Rs. 498.06 per share and per CCCPS).

Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 1771.50 as compared to the previous close of Rs. 1750.20. The total number of shares traded during the day was 41094 in over 3612 trades.

The stock hit an intraday high of Rs. 1774.00 and intraday low of 1750.45. The net turnover during the day was Rs. 72436946.00.

Source : Equity Bulls

Keywords

KotakMahindraBank INE237A01028 KotakSecurities StakeSale EntroqTechnologies