CPPIB likely to sell 2.02% in Kotak Bank in block deals - Economic Times

The base deal would be for 28 million equity shares, representing 1.41% of total shares outstanding, with a greenshoe option of 12 million equity shares, representing 0.60% of total shares outstanding in case of oversubscription, according to a term sheet.

Mumbai: Canada Pension Plan Investment Board (CPPIB) is likely to sell up to 40 million shares, or 2.02% of the stake, in Kotak Mahindra Bank on Thursday through block deals, according to banking sou… [+1729 chars]

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