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Kotak Mahindra

29th-May-2020 23:48Source: BSE

Kotak Mahindra Bank - Qualified Institutions Placement Of Equity Shares Of Face Value ? 5 Each By The Bank - Intimation Of Issue Closing And Pricing

Further to our letter dated May 26, 2020 intimating you about the meeting of the Issuance Committee of the board of directors (the ''Committee'') to be held on May 29, 2020 in respect of the Issue, we wish to inform you that the Committee at its meeting held today i.e. May 29, 2020 has, amongst others, passed the following resolutions:

a. Approving the closure of the issue period for the Issue today i.e. May 29, 2020;

b. Approving the issue of 6,50,00,000 equity shares of face value ? 5 each;

Determining and approving the issue price for 6,50,00,000 Equity Shares to be allotted to eligible qualified institutional buyers at a price of ? 1,145 per Equity Share (including a premium of ? 1,140 per Equity Share) etc.,