Canadian pension funds buy 1.5% stake in Kotak Mahindra Bank1 min read . Updated: 08 Mar 2017, 10:41 PM IST
Canadian pension funds CPPIB, CDPQ bought 9.2 million and 18.4 million shares in Kotak Mahindra Bank, respectively, amounting to Rs2,254 crore
Mumbai: Kotak Mahindra Bank Ltd on Wednesday said Canadian pensions funds Canada Pension Plan Investment Board (CPPIB) and Caisse de Depot Quebec (CDPQ) have bought a 1.5% stake in the bank from Uday Kotak, its executive vice-chairman and managing director.
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