Kotak Mahindra Bank raises ₹7,442 crore via QIP
Kotak Mahindra bank had said on 26 May that it had set a floor price of Rs1,147.75 per share for the offering. As per Sebi norms, the bank can offer a maximum discount of up to 5% on the floor price to investors
Private lender Kotak Mahindra Bank Ltd.’s board, on Saturday, said it raised at least Rs. 7,442.5 crore via issuance of 65 million shares in a qualified institutional placement (QIP).