Kotak Bank Plans to Sell 65 Million Shares to Raise Capital
A Kotak Mahindra Bank branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Kotak Bank Plans to Sell 65 Million Shares to Raise Capital

(Bloomberg) -- Kotak Mahindra Bank Ltd. plans to raise about $1 billion with a new share issue in a move that will strengthen its capital buffers and reduce the stake held by its wealthy founder.
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