The Canada Pension Plan Investment Board had picked up 2.5 crore shares or 3.24 percent stake at Rs 880 per share.
Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, today offloaded over 48 lakh shares of Kotak Mahindra Bank for an estimated Rs 420 crore. According to information available with the stock exchanges, Abu Dhabi Investment Authority sold a total of 48,09,184 shares of the bank through open market route.
The shares were offloaded on an average price of Rs 874.55 valuing the transaction at Rs 420.58 crore. However, the buyer (s) of the shares could not be ascertained immediately.
On May 30, the private sector lender Kotak Mahindra Bank had said that a promoter group entity has sold 3.24 percent stake to a Canadian pension fund for Rs 2,200 crore. The Canada Pension Plan Investment Board had picked up 2.5 crore shares or 3.24 percent stake at Rs 880 per share. The stake sale by Kotak Trustee Company had reduced the promoter shareholding to 40.33 per cent, which is slightly above the 40 percent mark recommended by RBI to be achieved by September this year.
Shares of Kotak Mahindra Bank today fell by 1.22 percent to close at Rs 873.65 apiece on the BSE.
Also Read: Want bank with right size & value for takeover, says Kochhar
Kotak Mahindra stock price
On July 07, 2014, Kotak Mahindra Bank closed at Rs 873.65, down Rs 10.8, or 1.22 percent. The 52-week high of the share was Rs 971.80 and the 52-week low was Rs 588.00.
The company's trailing 12-month (TTM) EPS was at Rs 19.50 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 44.8. The latest book value of the company is Rs 159.32 per share. At current value, the price-to-book value of the company is 5.48.
Anda sedang membaca artikel tentang
Abu Dhabi Investment Auth sells Rs 420-cr Kotak Bank shares
Dengan url
https://kebugaranhidup.blogspot.com/2014/07/abu-dhabi-investment-auth-sells-rs-420.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Abu Dhabi Investment Auth sells Rs 420-cr Kotak Bank shares
namun jangan lupa untuk meletakkan link
Abu Dhabi Investment Auth sells Rs 420-cr Kotak Bank shares
sebagai sumbernya
0 komentar:
Posting Komentar