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Kotak Mahindra Bank sells stake in Kfin Technologies

13 Mar 2024 Evaluate

Kotak Mahindra Bank has sold 34,70,000 Equity Shares of Kfin Technologies (representing 2.03% of its paid-up share capital) in the open market (on the stock exchange platform). Consequent to the sale, the Bank’s shareholding in KFinTech has come down from 9.79% to 7.76% of its paid-up share capital. The cash consideration received from such sale is Rs 208.3 crore. 

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.

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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