On Monday, Kotak Mahindra bank said in a notice to exchanges that its board will meet on Thursday to consider raising funds through various options. Photo: MintMumbai: Shares of Kotak Mahindra Bank Ltd was trading lower for the third consecutive session as investor turned cautious ahead of its press conference on Wednesday after 3.15pm. The authorities may announce a merger with Axis Bank or an acquisition of Mahindra & Mahindra Financial Services or other non banking finance company. At 10.30am, Kotak Mahindra Bank was trading at Rs854.80 on BSE, down 0.59% from previous close. Mahindra & Mahindra Financial Services Ltd gained 10 out of 12 trading sessions and rose 20.5% during this period.

Source: Mint March 29, 2017 05:48 UTC