Tuesday 6 October 2015

Abu Dhabi fund sells Kotak Mahindra stake

Abu Dhabi, July 8, 2014

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold 4.21 billion rupees ($70.2 million) worth of shares in India's Kotak Mahindra Bank in stock market deals on Monday, exchange data showed.

ADIA sold about 4.8 million shares at 874.55 rupees a piece, according to data from the Bombay Stock Exchange. Kotak Mahindra shares ended down 1.3 per cent at 870.90 rupees, while the main Mumbai market index rose 0.5 per cent.-Reuters

Tags: abu dhabi | ADIA | fund |

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