Latest News on Promoter Stake
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Dec 17, 2018
Bombay HC refuses relief for Kotak Mahindra Bank on deadline extension for promoter stake dilutionThe Bombay High Court on Monday refused to grant stay on private sector lender Kotak Mahindra Bank's plea for extension of the RBI's 31 December deadline for promoter stake dilution.
Dec 10, 2018
Kotak Mahindra Bank moves Bombay High Court against RBI's decision on promoter stake dilutionIn August, Uday Kotak, the founder and promoter of Kotak Mahindra Bank, has pared down his stake in the bank to 19.70 percent from about 30 percent following the issuance of preference shares.