KOTAK MAHINDRA BANK LTD. - Increase in ceiling for investment by Foreign Institutional Investors

Kotak Mahindra Bank Ltd has informed BSE that the shareholders of the Bank at the Annual General Meeting held on July 16, 2014, have approved increase in ceiling limit for investment by Securities and Exchange Board of India approved Foreign Institutional Investors (FIIs)/ sub-accounts of FIIs, Foreign Portfolio Investors (FPIs) and Qualified Foreign Investors (QFIs) in the equity share capital of the Bank, through primary or secondary route to 40%.<br/><br/>Subsequently, the Board of Directors of the Bank at its meeting held on July 16, 2014, have increased the aforesaid ceiling limit to 40% with immediate effect.<br/><br/>The total shareholding of FIIs/FPIs and QFIs as per the shareholding data received from RandT Agent as on July 11, 2014 is 33.37% and the same as on July 15, 2014 is 33.57%.