Kotak Mahindra Bank's petition to wind-up Alps Industries dismissed by Allahabad HC

In other news, the lender sold its entire stake of 5.56% in Equifax Credit Info Services.

Jan 16, 2020 07:01 IST India Infoline News Service

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. 
Stock View:

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.

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