Kotak Mahindra Bank launches QIP to elevate up to Rs. 7,460.38 crore

Kotak Mahindra Bank launches QIP to elevate up to Rs. 7,460.38 crore

by admin- Wednesday, May 27th, 2020 04:14:18 PM

Kotak Mahindra Bank rose over 4% touching to Rs. 1,202.35, after the financial institution launched qualified institutional placement (QIP) to elevate upto Rs. 7,460.38 crore.

The lender has set a ground price of Rs. 1,147.Seventy five in line with share for the offering. The financial institution’s board had sanctioned the fundraising in April.

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