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Kotak Mahindra Bank informs about disclosure

05 Mar 2021 Evaluate
Kotak Mahindra Bank has informed that the Bank has sold 1,09,48,925 Equity Shares of Rs 10 each (10% of its stake) of ECA Trading Services (ECA) (Formerly known as Ace Derivatives & Commodity Exchange Limited) to Kotak Securities (a wholly owned subsidiary of the Bank), at a consideration of Rs 1.98 crore. The holding of the Bank at the consolidated level continues to be 20%. 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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