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Kotak Bank seeks nod to raise foreign investment limit to 49%

Kotak Bank seeks nod to raise foreign investment limit to 49%

Friday, March 17, 2017, 8:22 PM

Kotak Mahindra Bank on Friday said it will seek shareholders' approval to raise foreign investment limit to up to 49% from existing 42%. The board of directors' meeting held today granted consent to seek approval of shareholders to increase ceiling on total shareholding of FIIs/FPIs to up to 49% of the paid up capital, the bank said in a BSE filing.
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