Uday Kotak is reducing stake in Kotak Mahindra Bank by 10%; here’s why

Following the issuance of perpetual preference shares on Thursday, the promoter stake of Uday Kotak, MD & CEO of Kotak Mahindra Bank, will be reduced to 30 percent from 20 percent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MczekN