Financial Daily from THE HINDU group of publications
Thursday, Aug 28, 2003
Financial Daily from THE HINDU group of publications Thursday, Aug 28, 2003 |
|
|
|
|
|
Money & Banking
-
Private Banks Federal Bank spikes reports of stake transfer Vinson Kurian
Thiruvananthapuram , Aug. 27 THE Federal Bank Chairman, Mr K.P. Padmakumar, has scotched rumours of promoters' stake changing hands in an "enabling" atmosphere where FDI norms have been eased and the 10 per cent cap on voting rights lifted. Mr Padmakumar was responding to market reports suggesting that Kotak Mahindra had been eyeing the 21 per cent stake of ICICI Bank . "We are in constant touch with ICICI Bank, the largest single shareholder. They have no interest to sell their stake. I would also like to clarify that we have not had any interaction with Kotak Mahindra in the matter", Mr Padmakumar told Business Line here.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|