UPDATE 1-Indian court refuses to lift deadline for Kotak Mahindra stake dilution - TV
December 17, 2018 at 04:02 AM EST
An Indian court refused to stay the central bank order forcing Kotak Mahindra Bank Chief Executive Uday Kotak to dilute his stake in the company he founded, news channel CNBC TV18 reported on Monday, sending shares of the lender sliding nearly 4 percent.
