Abu Dhabi's ADIA sells shares worth $70 mn in Kotak Mahindra Bank

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold Rs 421 crore ($70.2 million) worth of shares in India's Kotak Mahindra Bank in stock market deals on Monday, exchange data showed. ADIA sold about 4.8 million shares at Rs 874.55 a piece, according to data from the BSE. Kotak Mahindra shares ended down 1.85 per cent to Rs 871.80.