Kotak Mahindra Bank is currently trading at Rs. 860.75, up by 12.70 points or 1.50% from its previous closing of Rs. 848.05 on the BSE.
The scrip opened at Rs. 852.00 and has touched a high and low of Rs. 861.80 and Rs. 848.20 respectively.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 861.80 on 20-Mar-2017 and a 52 week low of Rs. 647.85 on 18-Mar-2016.
Last one week high and low of the scrip stood at Rs. 861.80 and Rs. 832.05 respectively. The current market cap of the company is Rs. 1,58,422.07 crore.
The promoters holding in the company stood at 33.61%, while public held 66.39% in the Bank.
Kotak Mahindra Bank will seek shareholders’ approval to raise foreign investment limit to up to 49 percent from existing 42 percent. The board of directors meeting held on March 17, 2017 granted consent to seek approval of shareholders to increase ceiling on total shareholding of Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) to up to 49 percent of the paid-up equity capital of the bank.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.