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Warburg to invest in Kotak Mahindra Bank

NEW DELHI, DEC. 27. Warburg Pincus International is set to invest Rs. 75.90 crores for picking up 2.75 per cent in Kotak Mahindra Bank, which has also decided to increase its foreign institutional investor holding limit from 24 to 30 per cent. Warburg has picked up additional stake through its sub accounts Madison Holding and Melany Holdings, Kotak Mahindra Bank informed the National Stock Exchange today.

— PTI

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