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ING to sell entire stake in Kotak Mahindra Bank

Thursday, November 15, 2018, 9:06 AM

Dutch lender ING Group NV is selling the rest of its stake in Kotak Mahindra Bank in a deal that could be valued at Rs.7,600 crore, said investment banking sources. The deal, which is expected to happen this week on the secondary market through block deals, could be done at Rs.1,070 per share, a 5 per cent discount to Wednesday's closing price.

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