Kotak Mahindra Bank shines on divesting 8.50% stake of ECA

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

19 Mar 2020 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 1250.10, up by 77.10 points or 6.57% from its previous closing of Rs. 1173.00 on the BSE.

The scrip opened at Rs. 1099.70 and has touched a high and low of Rs. 1224.00 and Rs. 1000.35 respectively. So far 296578 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1739.95 on 19-Feb-2020 and a 52 week low of Rs. 1,000.35 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1504.05 and Rs. 1000.35 respectively. The current market cap of the company is Rs. 226053.46 crore.

The promoters holding in the company stood at 29.96%, while Institutions and Non-Institutions held 52.13% and 17.92% respectively.

Kotak Mahindra Bank has sold 8.50% of its stake and Kotak Mahindra Prime (a wholly owned subsidiary of the Bank) has sold 11.50% of its stake in ECA Trading Services (ECA) (Formerly known as Ace Derivatives & Commodity Exchange). The Bank has received cash consideration of Rs 1.67 crore, while Kotak Mahindra Prime has received cash consideration of Rs 2.27 crore.

Divestment of equity stake of 8.50% held by Kotak Mahindra Bank and 11.50% held by Kotak Mahindra Prime to comply with the RBI Regulations on investment in a non-financial services entity since ECA has ceased to be a commodity exchange.

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.

Kotak Mahindra Bank Share Price

380.75 1.40 (0.37%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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