Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has received an approval to increase the ceiling limit of Foreign Institutional Investors (FIIs)/ sub-accounts of FIIs, Foreign Portfolio Investors (FPIs) and Qualified Foreign Investors (QFIs) to 40% with immediate effect. The board of directors at its meeting held on July 16, 2014 has approved for the same.

Besides, the shareholders of the bank at the Annual General Meeting held on July 16, 2014, have approved increase in ceiling limit for investment by Securities and Exchange Board of India approved FIIs/ sub-accounts of FIIs, FPIs and QFIs in the equity share capital of the bank, through primary or secondary route to 40%.

The total shareholding of FIIs/FPIs and QFIs as per the shareholding data received from R&T Agent as on July 11, 2014 was 33.37% and the same as on July 15, 2014 is 33.57%.