Kotak Mahindra up 3% on stake sale buzz to Canadian pension fund
Wednesday, March 8, 2017, 11:51 AM
Kotak Mahindra Bank added nearly 3% intraday on following reports of stake sale to Canadian pension fund. Uday Kotak is reportedly in discussions for a sale of over 3% stake in the bank to Caisse de Depot et Placement du Quebec (CPDQ). The stake that Kotak is looking to sell is worth Rs 5,400 crore.