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Uday Kotak sells 5.6 crore shares in Kotak Mahindra Bank to comply with RBI norms

Updated : June 02, 2020 05:48 PM IST

Uday Kotak sold the shares through a 100 percent secondary placement at Rs 1,240 per share.
Uday Kotak’s voting rights have been capped at 15 percent effective April 1, 2020, despite his actual shareholding being higher.

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