India: Kotak Mahindra Bank to raise $825m by diluting 3.37% equity base

India: Kotak Mahindra Bank to raise $825m by diluting 3.37% equity base

Photo: Pradeep Gaur/ Mint

Private sector lender, Kotak Mahindra Bank Ltd, on Thursday said its board has approved issue of 6.20 crore shares to raise approximately Rs5,370 crore. The fund raising will see the bank’s equity base diluted by 3.37%.

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