The bank has "approved the allotment of 100,00,00,000 Perpetual Non-Cumulative Preference Shares (PNCPS) to eligible investors at the issue price of Rs 5 per PNCPS, aggregating to Rs 500 crore pursuant to the issue," Kotak Mahindra Bank said in a BSE filing.Uday Kotak trims stake in Kotak Mahindra Bank to 19.70%
The bank has "approved the allotment of 100,00,00,000 Perpetual Non-Cumulative Preference Shares (PNCPS) to eligible investors at the issue price of Rs 5 per PNCPS, aggregating to Rs 500 crore pursuant to the issue," Kotak Mahindra Bank said in a BSE filing.
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