India: Kotak Mahindra, Axis Bank shares rise on merger rumours

India: Kotak Mahindra, Axis Bank shares rise on merger rumours

Shares of private sector lenders Axis Bank Ltd and Kotak Mahindra Bank Ltd have risen 3.38% and 8.31%, respectively, over the past month, fuelled by rumours of a potential merger of the two, even as the two lenders have denied any such development.

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