The Board of Directors of Kotak Mahindra Bank Ltd at its meeting held today i.e. on March 17, 2017 granted its consent to seek approval of the shareholders' to increase the ceiling limit on the total shareholding of the Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) in the equity share capital of the Bank to such percentage as the Board may decide from time to time not exceeding 49% of the paid-up equity capital of the Bank with effect from such date(s) as may be decided by the Board.
Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.848.05 as compared to the previous close of Rs. 851.85. The total number of shares traded during the day was 34409 in over 1201 trades.
The stock hit an intraday high of Rs. 852 and intraday low of 842.8. The net turnover during the day was Rs. 29167529.