The second highest buyer of shares was Oppenheimer Developing Markets Fund. :
The Regents of the University of California, a US-based endowment fund, has emerged as the top buyer in the mega Rs 6,900-crore block deal launched by banker Uday Kotak to reduce his stake in Kotak Mahindra Bank to 26 percent and comply with a settlement agreement struck with the Reserve Bank of India (RBI). A total of 2.83 percent promoter stake was sold as part of the block deals at a price of Rs 1,240 a share.