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Sensex | Sumitomo Mitsui Banking Corporation sells1.62% stake Kotak Mahindra Bank
Sumitomo Mitsui Banking Corporation has sold 3.22 crore shares (1.62% stake) in Kotak Mahindra Bank at Rs 1,940.8 per share, totaling Rs 6,256.1 crore.
Multiple global and domestic institutional investors acquired the stake, including Goldman Sachs, Abu Dhabi Investment Authority, T Rowe Price, Allianz Global, Amundi Funds, Ashoka Whiteoak, BlackRock, Citigroup, Fidelity, Morgan Stanley, Nomura, Norges Bank, Prudential Asset Management, Societe Generale, Aditya Birla Sun Life AMC, Axis MF, Bajaj Allianz Life Insurance, Bandhan MF, DSP MF, HDFC AMC, ICICI Prudential Life Insurance, ICICI Prudential MF, Mirae Asset, SBI Life Insurance Company, and Tata MF.
In the previous trading session, the share closed up 0.70 percent or Rs 13.75 at Rs 1,973.40.
The share touched a 52-week high of Rs 2,301.55 and a 52-week low of Rs 1,679.10 on 22 April, 2025 and 13 November, 2024, respectively.
Currently, the stock is trading 14.26 percent below its 52-week high and 17.53 percent above its 52-week low.
Market capitalisation stands at Rs 392,428.85 crore.
