For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares of Kotak Mahindra Bank Dip Over 3% On Block Deals

    |

    Shares of Kotak Mahindra Bank fell over 3 percent in trade on Friday morning after 5.87 crore shares (i.e. 3 percent of its stake) exchanged hands in six block deals as per a Bloomberg report.

    The report further said that the shares of the private lender were exchanged at an average price of Rs 1,232, a 4.5 percent discount from Thursday's close.

    At 10:45 am the scrip was down by 3.77 percent or Rs 48.60 to Rs 1,240.55 a piece.

    Shares of Kotak Mahindra Bank Dip Over 3% On Block Deals
     

    The buyers or sellers of the scrip are not known yet but according to the BloombergQuint report citing two bank sources, ING Group is looking to sell its stake in the bank.

    ING Mauritius Investment has a 3.06 percent stake in the private lender which comes to 5,84,53,476 shares as of 31 December 2018 according to the data on BSE.

    Shares of Kotak Mahindra Bank had opened at Rs 1251/piece on NSE.

    Read more about: kotak mahindra bank
    Story first published: Friday, February 22, 2019, 11:01 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more