Kotak Mahindra buys 1.7% stake in Innoventive Industries

Kotak Mahindra International purchased 1.68 percent stake in  Innoventive Industries through block deal on Tuesday.

Kotak bought 9,99,670 equity shares at Rs 14.35 apiece on the National Stock Exchange.

However, Kitara PIIN 1101 was the seller in a block deal, which was worth Rs 1.4 crore. The firm reduced its stake in the company to 3.14 percent from 4.82 percent.

Innoventive Industries' stock closed at Rs 14.35, down 0.35 percent amid hefty volumes on Tuesday.

 

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