Kotak Mahindra Bank, one of the leading private sector lenders, witnessed a fall in share price on Wednesday after the foreign shareholding in the bank hit the threshold limit.

Therefore no further purchase of shares of Kotak Mahindra Bank would be allowed through Stock Exchanges in India on behalf of Non-Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Institutional Investors (FII)/ Registered Foreign Portfolio Investor (RFPIs) and through Global Depository Receipt (GDR)/ American Depository Receipt (ADR)/Foreign Direct Investment (FDI).

Shares of the bank are trading at Rs 1,324.90, down Rs 28.7, or 2.12% at the Bombay Stock Exchange (BSE) on Wednesday at 11:36 a.m.

The scrip has touched an intra-day high of Rs 1,365.50 and low of Rs 1,312.60. The total volume of shares traded at the BSE is 37,027.