Kotak Mahindra Bank is reportedly in talks to divest its stake in Multi Commodity Exchange (MCX), which was dealt a blow in December when market regulator Securities and Exchange Board India paved the way for universal exchange.
The bank holds 15 per cent stake in MCX. Other prominent shareholders in the company include ace investor Rakesh Jhunjhunwala, who has a 3.92 per cent stake.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
