Abu Dhabi's ADIA sells shares worth $70 mln in India's Kotak Mahindra

Reuters

MUMBAI (Reuters) - Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, sold 4.21 billion rupees ($70.2 million) worth of shares in India's Kotak Mahindra Bank Ltd in stock market deals on Monday, exchange data showed. ADIA sold about 4.8 million shares at 874.55 rupees a piece, according to data from the Bombay Stock Exchange. Kotak Mahindra shares ended down 1.3 percent at 870.90 rupees, while the main Mumbai market index rose 0.5 percent. ($1 = 60.0125 Indian Rupees) (Reporting by Devidutta Tripathy; Editing by Prateek Chatterjee)