Kotak Mahindra Bank announced that the bank has allotted 39,388 equity shares of Rs 5 each under Employee Stock Options Plan (ESOP).
The stock had underperformed the market over the past one month till Apr. 17, 2014, falling 4.54% compared with the Sensex's 3.76% rise.
It outperformed the market in past one quarter, gaining 15.62% as against 7.43% rise in the Sensex.
Shares of the bank declined Rs 0.9, or 0.11%, to settle at Rs 800.05. The total volume of shares traded was 23,186 at the BSE (Monday).