Finance 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.