Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 October, 2018 17:45 IST
FIIs can invest up to 43% in Kotak Mahindra Bank: RBI
Source: IRIS | 22 May, 2017, 10.58AM
Comments  |  Post Comment

The Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs), Foreign Portfolios Investors (FPIs) can now invest from 42 per cent to 43 per cent of the paid up capital of Kotak Mahindra Bank under the Portfolio Investment Scheme (PIS).

The RBI has stated that the company has passed necessary resolutions at its board of directors' level and a special resolution by general body agreeing for enhancing the FII/FPI investment limit under Portfolio Investment Scheme from 42% to 43% of the paid up capital of the company. The Reserve Bank has notified this under FEMA 1999.

Shares of the company gained Rs 5.6, or 0.6%, to trade at  Rs 943.00.  The total volume of shares traded  was  18,069,665 at the BSE (10.49 a.m., Monday).



Kotak Mahindra Bank Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Zydus receives USFDA's final approval for Clobazam tablets - 23-Oct-2018 15:01
Ahluwalia Contracts wins new orders of worth Rs 5.38 bn - 23-Oct-2018 11:58
PNB Housing Finance raises Rs 17.75 bn through commercial papers - 23-Oct-2018 10:22
White Organic Agro bags additional orders from Innovative Cuisine - 23-Oct-2018 10:16
Himachal Futuristic Communications secures order worth Rs 3.66 bn - 23-Oct-2018 10:07
Lupin gets nod for generic Triamcinolone Acetonide ointment - 23-Oct-2018 10:00
ITD Cementation India bags orders worth Rs 10.66 bn - 23-Oct-2018 09:35
Biocon, Mylan announce positive CHMP Opinion for Ogivri - 22-Oct-2018 10:28
Lupin announces positive CHMP opinion for NaMuscla - 22-Oct-2018 09:51
Tejas Networks bags Rs 1.11 bn order from Sterlite Technologies - 22-Oct-2018 09:45
Alembic Pharma' JV completes USFDA inspection of Karakhadi unit - 22-Oct-2018 09:41
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer