Kotak Bank ₹6,256 cr block deal: Stock in focus after FII exit
Kotak Mahindra Bank shares gained 1.55% to hit ₹1,990 after a massive ₹6,256 crore block deal. About 3.22 crore shares, or 1.62% of equity, were traded at ₹1,941 apiece, with reports indicating Sumitomo Mitsui as the seller. The transaction aligns with Sumitomo's planned ₹14,000 crore Yes Bank acquisition, already cleared by RBI and CCI.