Rs 6,256-crore Kotak Bank block deal: BlackRock, BofA, Nomura among marquee buyers as SMBC exits

Sumitomo Mitsui Banking Corporation divested its 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore through block deals, with shares sold at Rs 1,940.8 apiece to various domestic and foreign investors. Kotak Mahindra Bank’s shares closed higher, despite trading below key moving averages.

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