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Kotak Mahindra Bank gains on plan to raise Rs 300 crore via infrastructure bonds

05 Aug 2014 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 939.05, up by 1.90 points or 0.20% from its previous closing of Rs. 937.15 on the BSE.

The scrip opened at Rs. 942.10 and has touched a high and low of Rs. 942.10 and Rs. 930.45 respectively. So far 21017 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 979.35 on 31-Jul-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. 979.35 and Rs. 921.30 respectively. The current market cap of the company is Rs. 72116.61 crore.

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

Kotak Mahindra Bank is planning to raise around Rs 300 crore through infrastructure bonds, rated ‘AAA/stable’ by CRISIL. The bonds will improve the bank’s asset-liability profile.

CRISIL also upgraded the bank’s tier-II bonds from ‘AA+/stable’ to ‘AAA/stable’, reflecting the successful scale-up of the group's lending business and strong asset quality.

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

380.50 1.30 (0.34%)
21-Apr-2026 09:07 View Price Chart
Peers
Company Name CMP
HDFC Bank 795.80
ICICI Bank 1363.00
Axis Bank 1364.65
Kotak Mahindra Bank 380.50
Indusind Bank 856.00
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