Summary:
ING obtained its stake in Kotak through the merger of ING Vysya Bank with Kotak Mahindra Bank, which was effective from April 1, 2015. Kotak Mahindra Bank is one of India's leading banks, offering a complete range of banking products. New Delhi, Sep 29 () Dutch financial major ING today offloaded 2.5 per cent stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction. The shares were purchased on an average price of Rs 782.32, valuing the transaction at Rs 3,653.43 crore, the data showed. Besides, Citigroup Global Markets India, Deutsche Equities India and J P Morgan India acted as Joint book runners..