Kotak Mahindra Bank Ltd.

Kotak Trustee Company, a promoter group entity of Kotak Mahindra Bank, has sold 16,00,000 shares of the Bank on August 21, 2014.The sale has been undertaken pursuant to RBI's requirement to reduce the promoter shareholding in the Bank as communicated on May 26, 2014.

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.