RBI says Kotak stake dilution doesn't meet its norms - newsbox

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Thursday, August 16, 2018

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RBI says Kotak stake dilution doesn't meet its norms

It can be noted that on August 2, Kotak had sold a part of his stake in the lender, bringing down his personal holding to under 20 per cent, by issuing perpetual non- cumulative preference shares (PNCPS).

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