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Outcome of Board Meeting - Kotak Mahindra Bank Limited

At the Meeting of the Board of Directors of Kotak Mahindra Bank Limited held today May 05th 2015, the Directors have:

  • Recommended dividend of Rs 0.90 paise per share.
  • Approved the issue of bonus shares in the ratio of 1 equity share for every 1 share held, subject to approval of the shareholders at the Annual General Meeting.
  • Appointed Mr. Mark Edwin Newman as an Additional Director on the Board of Directors of the Bank.
  • Approved the termination of Global Depository Receipts program listed on Luxembourg Stock Exchange.

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