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Berkshire Hathaway won't buy stake in Kotak Mahindra?

Dec 07, 2018 13:55 IST

Kotak Mahindra Bank has denied news that it is in talks with Berkshire Hathaway for a stake sale. The stock saw strong trading interest on the back of a report by CNBC TV18 that the Kotak management was in talks with Warren Buffet's Berkshire Hathaway for a stake sale, possibly even from the promoter. In a statement, the bank said it was unaware of any plans by Berkshire Hathaway buying stake in the bank and had nothing to report to SEBI .