Board of Kotak Mahindra Bank approves Sponsored Depository Receipt programme

At meeting held on 24 September 2015

Kotak Mahindra Bank announced that the Board of Directors of the Bank at its meeting held on 24 September 2015, has approved a Sponsored Depository Receipt (DR) issuance programme of up to 5 million DRs, with conversion of 1 equity share to 1 DR, pursuant to the Depository Receipts Scheme, 2014 for facilitating issue of Depository Receipts outside India against underlying existing equity shares through a foreign depository through the sponsored route.

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