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Seeking interim protection by Bombay High Court, counsel of Kotak Mahindra Bank on Tuesday proposed to reduce promoter holdings in the lender to 20 per cent by May 2020, according to a report by ET NOW. The court today adjourned the Kotak Mahindra Bank vs the Reserve Bank of India case to April 1, 2019.
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The Economic Times | A Times Internet Limited product
Seeking interim protection by Bombay High Court, counsel of Kotak Mahindra Bank on Tuesday proposed to reduce promoter holdings in the lender to 20 per cent by May 2020, according to a report by ET NOW. The court today adjourned the Kotak Mahindra Bank vs the Reserve Bank of India case to April 1, 2019.
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Watch Kotak counsel proposes reducing promoter stake to 20% by May 2020 With HD Quality
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The Economic Times | A Times Internet Limited product
The Bombay High Court Thursday adjourned till March 12 the hearing on private sector lender Kotak Mahindra Bank's plea challenging an RBI directive asking it to dilute its promoter shareholding.
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The government on Tuesday will launch an offer for sale to divest Axis Bank stake, it holds through the Specified Undertaking of Unit Trust of India (SUUTI). The Axis Bank’s SUUTI block is valued at about Rs 5,316 crore. The government plans to sell 1.98 per cent stake in the company as base offer, with an additional 1.02 per cent set aside as greenshoe option.
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