As per RBI guidelines, Uday Kotak needs to dilute his stake to below 20 percent by December 2018.
Warren Buffett's Berkshire Hathaway is in talks for a 10 percent stake buy in Kotak Mahindra Bank valued at between $4 billion and $6 billion.
Sources told CNBC-TV18, Berkshire Hathaway is looking to buy promoter stake or via a preferential allotment.
As per RBI guidelines, Uday Kotak needs to dilute his stake to below 20 percent by December 2018.
Kotak Mahindra Bank declined to comment for the story.
A response from Berkshire Hathaway is awaited.
IF YOU ARE WILLING FOR A RISK-FREE TRADE SO YOU CAN CHOOSE US FOR A GOOD RECOMMENDATIONS AND TAKE FROM THE INDIAN STOCK MARKET JUST CLICK HERE AND JOIN US FOR FREE>> Stock Option Tips
Warren Buffett's Berkshire Hathaway is in talks for a 10 percent stake buy in Kotak Mahindra Bank valued at between $4 billion and $6 billion.
Sources told CNBC-TV18, Berkshire Hathaway is looking to buy promoter stake or via a preferential allotment.
As per RBI guidelines, Uday Kotak needs to dilute his stake to below 20 percent by December 2018.
Kotak Mahindra Bank declined to comment for the story.
A response from Berkshire Hathaway is awaited.
IF YOU ARE WILLING FOR A RISK-FREE TRADE SO YOU CAN CHOOSE US FOR A GOOD RECOMMENDATIONS AND TAKE FROM THE INDIAN STOCK MARKET JUST CLICK HERE AND JOIN US FOR FREE>> Stock Option Tips
No comments:
Post a Comment