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Kotak Mahindra Bank trades higher on the bourses

09 Jan 2013 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 654.35, up by 2.30 points or 0.35% from its previous closing of Rs. 652.05 on the BSE.

The scrip opened at Rs. 651.00 and has touched a high and low of Rs. 655.75 and Rs. 651.00 respectively. So far 6655 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 676.95 on 11-Dec-2012 and a 52 week low of Rs. 455.00 on 10-Jan-2012.

Last one week high and low of the scrip stood at Rs. 664.65 and Rs. 642.80 respectively. The current market cap of the company is Rs. 48550.46 crore.

The promoters holding in the company stood at 45.11% while Institutions and Non-Institutions held 34.00% and 20.74% respectively.

Kotak Mahindra Bank has issued a possession notice on Deccan Chronicle Holdings, publisher of English daily Deccan Chronicle, under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, for recovering payment of dues worth Rs 50.25 crore. As per the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, borrower to needs to repay the amount together with the interest at contractual rates and other costs and expenses from August 16, 2012, till payment or realization within 60 days from the date of receipt.

Private sector lender, which had lent around Rs 100 crore to the media house, stated that the publishing house defaulted on payment of Rs 50.25 crore, which is pending from 16 August last year. The bank has taken symbolic possession of the property admeasuring 9,892 sq yards located at Kondapur in Andhra Pradesh, where it has a printing press. A symbolic possession means the lender will not have the key of the property, which will still remain under the control of the borrower, but the borrower cannot alienate the property.

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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