/ Kotak Mahindra Bank Increases Foreign Investment Limit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 18 May 2017

Kotak Mahindra Bank on Thursday is trading at Rs 944.75 per share, down by 0.6% at 11:11 hours IST on BSE. It hit a high of Rs 952 and a low of Rs 938 so far during the day.

The bank on Thursday informed that the board of directors has given its approval to increase the ceiling limit on the total shareholding of Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) from the current limit of 42% to 43%, as per BSE filing.

On the NSE, the traded volume of shares is 4,67,149 and the traded value is Rs 4409.75 lakhs. The free-float market capitalisation of the company is Rs 1,13,736.93 crores.

Kotak Mahindra Bank deals in debt, equity, money market, forex market, derivatives and investments and primary dealership of government securities.

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