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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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