Abu Dhabi Investment Authority sells Kotak Bank shares worth Rs 420 crore - The Economic Times

Abu Dhabi Investment Authority sells Kotak Bank shares worth Rs 420 crore - The Economic Times:



"Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, today offloaded over 48 lakh shares of Kotak Mahindra Bank for an estimated Rs 420 crore.



According to information available with the stock exchanges, Abu Dhabi Investment Authority sold a total of 48,09,184 shares of the bank through open market route.



The shares were offloaded on an average price of Rs 874.55 valuing the transaction at Rs 420.58 crore. "



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