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Kotak Mahindra Bank seeks nod to raise foreign investment limit

Seeks to increase ceiling to up to 49% of paid up capital

Press Trust of India 

In a first, Kotak launches an offline funds transfer facility

on Friday said it will seek shareholders’ approval to raise foreign investment limit to up to 49 per cent from existing 42 per cent. The board of directors' meeting held granted consent to seek approval of shareholders to increase ceiling on total shareholding of foreign institutional investors(FIIs)/foreign portfolio investors (FPIs) to up to 49 per cent of the paid-up capital, the bank said in a BSE filing. 

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Kotak Mahindra Bank seeks nod to raise foreign investment limit

Seeks to increase ceiling to up to 49% of paid up capital

Seeks to increase ceiling to up to 49% of paid up capital
on Friday said it will seek shareholders’ approval to raise foreign investment limit to up to 49 per cent from existing 42 per cent. The board of directors' meeting held granted consent to seek approval of shareholders to increase ceiling on total shareholding of foreign institutional investors(FIIs)/foreign portfolio investors (FPIs) to up to 49 per cent of the paid-up capital, the bank said in a BSE filing. 

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Business Standard
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Kotak Mahindra Bank seeks nod to raise foreign investment limit

Seeks to increase ceiling to up to 49% of paid up capital

on Friday said it will seek shareholders’ approval to raise foreign investment limit to up to 49 per cent from existing 42 per cent. The board of directors' meeting held granted consent to seek approval of shareholders to increase ceiling on total shareholding of foreign institutional investors(FIIs)/foreign portfolio investors (FPIs) to up to 49 per cent of the paid-up capital, the bank said in a BSE filing. 

image
Business Standard
177 22