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Kotak Mahindra Bank Ltd.

BSE: 500247 Sector: Financials
BSE 00:00 | 24 Apr 2020 Kotak Mahindra Bank Ltd
NSE 05:30 | 01 Jan 1970 Kotak Mahindra Bank Ltd

Kotak Mahindra Bank Limited - Outcome of Board Meeting

April 22, 2020, 12:00 am | Source: NSE

Kotak Mahindra Bank Limited has informed the Exchange regarding Board meeting held on April 22, 2020. At the Meeting of the Board of Directors of the Bank held today i.e. on Wednesday, April 22, 2020, which commenced at 9.30AM and concluded at 11.46 A.M, the Board has accorded its approval for raising of capital by way of issue of equity shares, by the Bank for up to 6,50,00,000 (Six Crores and Fifty Lacs) equity shares of Rs. 5 (five) each, through a private placement, follow-on public offering ( FPO ), Qualified Institutions Placement ( QIP ) or a combination thereof, as may be considered appropriate, subject to shareholders approval and governmental/regulatory/ statutory approvals and requirements, as applicable.