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Kotak Bank shares rally 7% after board approves capital raising plans

Updated : April 23, 2020 02:44 PM IST

Shares of Kotak Mahindra Bank surged over 7 percent on Thursday after the board approved raising capital of around $1 billion on Wednesday.
Kotak's board has approved raising capital by issuing 6.5 crore equity shares of Rs 5 each.
Kotak Bank shares rally 7% after board approves capital raising plans

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