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Kotak seeks approval to raise foreign investment limit

Kotak seeks approval to raise foreign investment limit

Saturday, March 18, 2017, 11:20 AM

Kotak Mahindra Bank has sought approval of the shareholders to raise the foreign investment limit to 49 %. During the meeting held between the board of directors of the Bank, consent to seek approval from the shareholders was granted, in order to raise the ceiling limit on total shareholding of FIIs & FPIs in the equity share capital of Kotak Mahindra Bank.
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