The US-based OpenMeMerfunds are a part of the global investment firm Investors.
As Wholesale deal Data on NSE, your affiliated – Openhememur Funds Inc. Fund -Sold a total of 1,03,57,024 crore equity shares representing 0.52 percent stake in Kotak Mahindra Bank in Mumbai.
The stocks were settled at an average price of Rs 1,965.20, with the price of the transaction to Rs 2,035.36 crore.
The details of buyers of Kotak Mahindra Bank shares could not be detected on the exchange.
Kotak Mahindra shares Edge The NSE fell 0.41 percent to Rs 1,994.20. In May this year, Kotak Mahindra Bank recorded a 14 percent decline in standalone profit for the January-March quarter of 2024-25 compared to Rs 4,133 crore in the last quarter of 2023-24. Kotak Mahindra Bank said that the total income of the bank increased to Rs 16,712 crore in this quarter a year ago.
During the quarter, the bank earned an interest income of Rs 13,530 crore against Rs 12,307 crore in the same period a year ago. Pure interest income (NII) Q4Fy24 increased from Rs 6,909 crore to Rs 7,284 crore, with a slight increase of 5 percent.