Kotak Mahindra Bank Ltd has announced that the Board of Directors of the company at its meeting held on July 21, 2016, has approved the item of business for seeking consent of the shareholders by postal ballot.
Kotak Mahindra Bank Ltd has announced that the Board of Directors of the Company at its meeting held on July 21, 2016, has approved the item of business for seeking consent of the shareholders by postal ballot for issuance of unsecured, redeemable, non-convertible debentures/bonds up to Rs. 5000 crore.
Kotak Mahindra Bank Ltd is currently trading at Rs. 767.2, down by Rs. 14.8 or 1.89% from its previous closing of Rs. 782 on the BSE.
The scrip opened at Rs. 787 and has touched a high and low of Rs. 790 and Rs. 760.15 respectively. So far 2683535(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 143557.43 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 784.7 on 14-Jul-2016 and a 52 week low of Rs. 586.5 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 784.7 and Rs. 767.65 respectively.
The promoters holding in the company stood at 33.7 % while Institutions and Non-Institutions held 40.64 % and 25.66 % respectively.
The stock is currently trading above its 50 DMA.
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