Kotak Mahindra Bank, one of the leading private sector lenders, gained on Thursday after the company, a promoter group entity of Kotak Mahindra Bank has sold 16,00,000 shares of the bank.

Shares of the bank are trading at Rs 1,021.40, up Rs 24.4, or 2.45% at the Bombay Stock Exchange (BSE) on Thursday at 12:40 p.m.

The scrip has touched an intra-day high of Rs 1,025.75 and low of Rs 995. The total volume of shares traded at the BSE is 1,709,385.