Kotak’s `Interesting Move’ May Remove Overhang From Bank Shares
Pedestrians stand in front of a Kotak Mahindra Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Kotak’s `Interesting Move’ May Remove Overhang From Bank Shares

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(Bloomberg) -- Billionaire Uday Kotak’s “interesting move” to dilute his holding in Kotak Mahindra Bank Ltd. via a preference share issue will remove an overhang from the stock if the transaction i...
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