Dutch financial major ING Group will offload around 1.20% stake in Kotak Mahindra Bank
through a block deal on Friday. The offer price will be at 3-5% discount to Thursday’s closing price, as per media reports.
As on December 31, 2018, ING Mauritius Investments held 3.06% stake in Kotak Mahindra Bank, which amounts to 5.84cr shares, the report added.
On Thursday, shares of Kotak Mahindra Bank Ltd ended at Rs1,285 down by Rs6.3 or 0.49% from its previous closing of Rs1,291.30 on the BSE.
The scrip opened at Rs1,292 and touched a high and low of Rs1,297.40 and Rs1,282.80 respectively.