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Foreign portfolio investor legroom gains for Kotak Mahindra Bank

During the quarter ended December 2022, the FPI holding in the private sector lender fell 1 basis points quarter-on-quarter to 39.26 per cent

Topics
Kotak Mahindra Bank | Foreign Portfolio Investors | Investment

BS Reporter 



Kotak Mahindra Bank
The FPI holding has come off from a high of 45.09 per cent in December 2020.

The legroom for (FPIs) has inched up further in .

During the quarter ended December 2022, the FPI holding in the private sector lender fell 1 basis points quarter-on-quarter to 39.26 per cent.

The FPI holding has come off from a high of 45.09 per cent in December 2020.

“The stock will initially be added to the index (FTSE) at an investability weight of 5 per cent. Subject to more than 20 per cent foreign headroom, the investability weight will increase by 5 per cent at subsequent rebalances,” analyst Brian Freitas of Periscope Analytics said.



Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd


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First Published: Mon, January 23 2023. 22:36 IST

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