Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank is currently trading at Rs. 1342.15, up by 3.50 points or 0.26% from its previous closing of Rs. 1338.65 on the BSE.

The scrip opened at Rs. 1354.00 and has touched a high and low of Rs. 1354.00 and Rs. 1339.25 respectively. So far 11793 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1424.00 on 17-Jul-2018 and a 52 week low of Rs. 1002.30 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1365.35 and Rs. 1303.35 respectively. The current market cap of the company is Rs. 256339.06 crore.

The promoters holding in the company stood at 30.01%, while Institutions and Non-Institutions held 48.99% and 21.00% respectively.

Kotak Mahindra Bank has received an approval for the allotment of 1500 Senior Unsecured, Rated, Listed, Redeemable Long Term Bonds in the nature of Non-Convertible Debentures (NCDs) to the eligible investors at the issue price of Rs 10,00,000 per NCD i.e. at par, at coupon rate of 8.25% p.a. for a tenor of 7 years and 1 month (85 months) aggregating to Rs 150 crore. The Asset Liability Committee, a Committee authorized by the Board of Directors of the Bank, on March 28, 2019, approved the same.

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.