Kotak Mahindra Bank Ltd.
BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
391.65
-1.35 (-0.34%) Kotak Mahindra Bank informs about disclosure
Date: 05-03-2021Kotak Mahindra Bank has informed that the Bank has sold 1,09,48,925 Equity Shares of Rs 10 each (10% of its stake) of ECA Trading Services (ECA) (Formerly known as Ace Derivatives & Commodity Exchange Limited) to Kotak Securities (a wholly owned subsidiary of the Bank), at a consideration of Rs 1.98 crore. The holding of the Bank at the consolidated level continues to be 20%.
The above information is a part of company’s filings submitted to BSE.