FPI legroom in Kotak Bank exceeds 20%

This may pave way for the stock's re-entry into FTSE All-World index

Foreign portfolio investor (FPI) shareholding in private sector lender Kotak Mahindra Bank (KMB) declined for the seventh straight quarter during the three-month period ended June 2022. According to the latest disclosure, FPI shareholding in the company stood at 40.55 per cent, down 31 basis points (bps) over the March 2022 quarter. Since December 2020, FPI shareholding is down 454 bps to 45.09 per cent.

Following the sharp decline in FPI holding, the foreign investment room in KMB has increased to 20.01 per cent. This may pave the way for KMB’s re-entry into the FTSE All-World index.

“KMB was deleted from