Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs 957.45, up by 22.35 points or 2.39% from its previous closing of Rs 935.10 on the BSE.

The scrip opened at Rs 962.00 and has touched a high and low of Rs 965.00 and Rs 950.25 respectively. So far 62850 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 971.80 on 18-Jun-2014 and a 52 week low of Rs. 588.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 947.65 and Rs 851.10 respectively. The current market cap of the company is Rs 73983.92 crore.

The promoters holding in the company stood at 40.33% while Institutions and Non-Institutions held 36.87% and 22.64% respectively.

Kotak Mahindra Bank has entered into a Share Purchase Agreement (SPA) on July 20, 2014, to purchase 76,49,755 equity shares aggregating to 15% equity stake in Multi Commodity Exchange of India (MCX), from Financial Technologies (India), for a consideration of Rs 459 crore. The final closing is subject to certain conditions to be fulfilled including regulatory approvals.

Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.