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Kotak Mahindra International sells 2.11% stake in South Indian Bank

25 Jan 2017 Evaluate

Kotak Mahindra International has sold 2.11% stake in private sector lender South Indian Bank for an estimated over Rs 60 crore through an open market transaction. The shares were purchased by Lavender Investments.

Kotak Mahindra International sold a total of 2.85 crore shares, amounting to 2.11% stake of the bank. The shares were offloaded at an average price of Rs 21.2, valuing the transaction at Rs 60.42 crore.

As of December quarter, Kotak Mahindra International held 2.11% holding in South Indian Bank, while Lavender Investments owned 2.82% stake in the private sector lender.



Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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