ING on Thursday sold 12.75 million shares amounting to 0.67 per cent stake, in Kotak Mahindra Bank, showed bulk deal data on NSE. The share sale took place at a weighted average price of Rs 1,130. ING raised around Rs 14.4 billion.
Prior to the stake sale, ING held 3.73 per cent in the private sector lender. Kotak Mahindra Bank shares gained 2.77 per cent to close at Rs 1,161 on the NSE and 2.93 per cent to close at Rs 1,162 on the BSE.
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