Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has sold 34,70,000 Equity Shares of Kfin Technologies (representing 2.03% of its paid-up share capital) in the open market (on the stock exchange platform). Consequent to the sale, the Bank’s shareholding in KFinTech has come down from 9.79% to 7.76% of its paid-up share capital. The cash consideration received from such sale is Rs 208.3 crore. 

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.