No relief for Kotak Bank on promoter shareholding, shares fall1 min read . Updated: 17 Dec 2018, 07:22 PM IST
Kotak Mahindra Bank shares declined as much as 3.2% to hit a low of 1,215.10 per share
Mumbai: Kotak Mahindra Bank shares fell over 3% on Monday after the Bombay high Court refused to grant stay on 31 December deadline given by the Reserve Bank of India for promoter stake dilution. The next hearing will be on 17 January, Bloomberg reported. In intraday, Kotak Mahindra Bank shares declined as much as 3.6% to hit a low of ₹ 1,209.30 apiece. The Kotak Bank stock closed at 1,223.90 per share, down 2.50% from its previous close, while the Sensex rose 0.85% to 36,270.07 points.
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