This Article is From Jul 07, 2014

Abu Dhabi's ADIA Sells Shares Worth Rs 421 Cr in Kotak Mahindra

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold Rs 421 crore ($70.2 million) worth of shares in India's Kotak Mahindra Bank Ltd in stock market deals on Monday, exchange data showed.

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

($1 = Rs 60.0125)

Copyright: Thomson Reuters 2014