Kotak Mahindra Financial institution raises Rs 7,442.5 crore through QIP
Personal sector lender Kotak Mahindra Financial institution (KMB) has raised Rs 7,442.5 crore via a certified institutional placement (QIP) of shares. The financial institution on Saturday issued 6.5 crore shares at a worth of Rs 1,145 per share to the consumers to boost the cash which is able to buffer its capital reserves, it mentioned…
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