[nilesh]

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I want to know the sell stake of ING Mauritius in Ing Vysya Bank so will you please tell me?

[Vishal Kotkar]

ING Mauritius Investments sold a total of 4.67 crore shares, representing Kotak Mahindra Bank’s 2.5 per cent stake in an open market transaction

ING obtained its stake in Kotak through the merger of ING Vysya Bank with Kotak Mahindra Bank, which was effective from April 1, 2015.

ING sells 2.5% stake in Kotak Mahindra Bank for Rs 3,653 crore

ING Mauritius Investments, the investment arm of the Dutch bank, sold a total of 4.67 crore shares, representing Kotak Mahindra Bank’s 2.5 per cent stake, according to bulk deal data available with the stock exchanges.

The shares were purchased on an average price of Rs 782.32, valuing the transaction at Rs 3,653.43 crore, the data showed.

Following the sale, ING’s stake in Kotak declined to 3.9 per cent from previous holding of 6.4 per cent.

ING Group, the highest-ranking institutional shareholder, held a 44% equity stake in ING Vysya Bank, followed by Aberdeen Asset Management, private equity firm ChrysCapital, Morgan Stanley, and Citigroup, respectively

As of March 2013, ING Vysya was the seventh largest private sector bank in India with assets totaling ₹54,836 crore (US$8.5 billion) and operating a pan-India network of over 1,000 outlets, including 527 branches, which serviced over two million customers.

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