Promoter Stake

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Bombay HC refuses relief for Kotak Mahindra Bank on deadline extension for promoter stake dilution
Business

Bombay HC refuses relief for Kotak Mahindra Bank on deadline extension for promoter stake dilution

The 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.

Kotak Mahindra Bank moves Bombay High Court against RBI's decision on promoter stake dilution
Business

Kotak Mahindra Bank moves Bombay High Court against RBI's decision on promoter stake dilution

In 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.