Kotak Mahindra Bank stock slips 4% after block deal - Highlight Investment Research

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Friday 22 February 2019

Kotak Mahindra Bank stock slips 4% after block deal

Kotak Mahindra Bank slipped in morning trade on the NSE. Around 5.87cr shares or 3% equity shares changed hands in a block deal, as per media reports. Meanwhile, the buyers and sellers were not immediately known.

Earlier today, media  reports suggested that ING would be selling stake in the bank.

KMB has presence across all financial verticals including banking, securities, investment banking, asset management, consumer finance and life insurance.

Kotak Mahindra Bank Ltd is currently trading at Rs1,241.25 down by Rs47.65 or 3.7% from its previous closing of Rs1,288.90 on the BSE. 






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