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ING sells 0.67% stake in Kotak Mahindra Bank; stock rises over 2%

The share sale took place at a weighted average price of Rs 1,130. ING raised around Rs 14.4 bn

BS Reporter  |  Mumbai 

ING sells 0.67% stake in Kotak Mahindra Bank; stock rises over 2%

on Thursday sold 12.75 million shares amounting to 0.67 per cent stake, in Kotak Mahindra Bank, showed bulk deal data on The share sale took place at a weighted average price of Rs 1,130. raised around Rs 14.4 billion.

The bought shares worth Rs 10.8 billion, Rs 2.9 billion and Pension Fund the rest.

Prior to the stake sale, held 3.73 per cent in the private sector lender. shares gained 2.77 per cent to close at Rs 1,161 on the and 2.93 per cent to close at Rs 1,162 on the

ING sells 0.67% stake in Kotak Mahindra Bank; stock rises over 2%


Disclosure: Kotak Mahindra and associates are significant shareholders in Business Standard Pvt Ltd

First Published: Thu, November 15 2018. 23:49 IST
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