Kotak Mahindra Bank to hike $901 million by share offer

Kotak Mahindra Bank Ltd, the private sector bank of India which comes under the 4th  biggest Indian lender by market capitalization, is likely to price a share offering at the height of an indicative range, hiking $901 million.

According to the Thomson Reuters Publication, IFR, "The bank is pricing about 62 million new shares at 936 rupees each after earlier setting a 930-936 rupees indicative range, putting the total deal at 58 billion rupees ($901 million)"

 

Also Read:

Union Minister Piyush Goyal: Govt to come out with e-vehicle policy this fiscal

SBI Life will hire 8 banks for up to $1 billion IPO

Sensex jumps by 30,346.69 while Nifty at 9,450.65

Related News

Join NewsTrack Whatsapp group