SBI Mutual Fund has raised its stake in Kotak Mahindra Bank to over 5%. Kotak Mahindra Bank revealed that the fund house acquired 21.57 lakh shares through the open market on June 5, as reported in an exchange filing on Tuesday.
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With the fresh addition, SBI Mutual Fund's stake in Kotak Mahindra Bank increased to 5.01%, it said.
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Shares of Kotak Mahindra Bank were trading 1.35% lower at Rs 1,722 apiece on the BSE.
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