Allahabad HC dismissed Kotak Mahindra Bank
's petition to wind up Alps Industries.
In other news, the lender sold its entire stake of 5.56% in Equifax Credit Info Services.
The private sector lender sold 5.56% stake in the credit information bureau for a consideration of Rs50.5cr, Kotak Mahindra Bank said in a separate filing.
The bank sold 75,00,000 equity shares at Rs 67.43 per unit, it said.
Besides the private lender, state-owned BoB on January 15 also exited from credit information bureau Equifax Credit Information Services for a consideration of Rs91.03cr.
Kotak Mahindra Bank Ltd is currently trading at Rs1,689.40 up by Rs11.95 or 0.71% from its previous closing of Rs1,677.45 on the BSE.
The scrip opened at Rs1,681.40 and has touched a high and low of Rs1,703 and Rs1,679.25 respectively. So far 19,07,874 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs3,20,566.56cr.