Market Kotak Mahindra Bank shares rally 5% as uncertainty over promoter stake ends Updated : January 31, 2020 10:07 AM IST Kotak Mahindra Bank has decided to cap the promoters' voting rights to 15 percent from April 1 onwards. UBS said that it was a positive development as uncertainty over promoter stake is removed. 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.