Kotak Mahindra Bank gains as RBI allows FIIs to purchase shares in the company

Kotak Mahindra Bank Ltd. | Bank - Private | BFSI | BSE: 500247 | NSE: KOTAKBANK

11 Jul 2014 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 870.50, up by 3.35 points or 0.39% from its previous closing of Rs. 867.15 on the BSE.

The scrip opened at Rs. 878.50 and has touched a high and low of Rs. 882.50 and Rs. 866.50 respectively. So far 39843 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 971.80 on 18-Jun-2014 and a 52 week low of Rs. 588.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 893.70 and Rs. 852.00 respectively. The current market cap of the company is Rs. 67029.02 crore.

The promoters holding in the company stood at 40.33% while Institutions and Non-Institutions held 36.87% and 22.64% respectively.

Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in Kotak Mahindra Bank. RBI has notified that the share holdings by FIIs/Registered Foreign Portfolios Investors (RFPIs) under Portfolio Investment Scheme in Kotak Mahindra Bank have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect.

RBI has also notified that all the approvals received against the said scrip are duly cancelled. Equity shares of Kotak Mahindra Bank can now be purchased through primary market and stock exchanges.

Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.

Kotak Mahindra Bank Share Price

396.70 -2.90 (-0.73%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	801.00
ICICI Bank	1410.30
Axis Bank	1342.50
Kotak Mahindra Bank	396.70
Indusind Bank	975.65
View more..

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