Kotak Mahindra Bank Limited has sold 1,09,48,925 Equity Shares of Rs10 each (10% of its stake) of ECA Trading Services Limited (ECA) (Formerly known as Ace Derivatives & Commodity Exchange Limited) to Kotak Securities Limited (a wholly-owned subsidiary of the Bank), at a consideration of Rs1.98cr.
"The holding of the Bank at the consolidated level continues to be 20%," Bank said in a regulatory filing on Thursday.
At around 11.05 am, Kotak Mahindra Bank Ltd was trading at Rs1895.80 per piece down Rs1.70 or 0.09% from its previous closing of Rs1,897.50 per piece on the BSE.
The scrip opened at Rs1,878.65 and has touched a high and low of Rs1,899.75 and Rs1,869.55 respectively during intraday trade on Friday.
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