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Kotak Mahindra Bank shares surge on capital raising plans

Kotak Mahindra Bank shares surge on capital raising plans

Tuesday, March 28, 2017, 10:33 AM

Shares of Kotak Mahindra Bank were trading higher in early trade on Tuesday after the private sector lender said the board of directors has scheduled a meeting on Thursday to consider raising of equity capital by the bank. Shares of the company opened at Rs 879 and touched a high and low of Rs 880 and Rs 873.50, respectively, in trade so far.
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