Buffett's Berkshire may pick up 10% stake in Kotak Bank: Report
Billionaire Warren Buffett's Berkshire Hathaway is planning to pick up a 10% stake in Kotak Mahindra Bank, a media report said. Berkshire may invest between $4 billion and $6 billion by buying promoter stake or through a preferential allotment, the report added. Notably, RBI asked promoter Uday Kotak to lower his holding in the bank to 20% by December 31.