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ADIA offloads Indian lender stake

Abu Dhabi Investment Authority (ADIA), the emirate’s sovereign wealth funds, has sold Rs4.21bn ($70.2m) worth of shares in India’s Kotak Mahindra Bank in stock market deals on Monday, Reuters has reported. ADIA sold about 4.8 million shares at Rs874.55 a piece, according to data from the Bombay Stock Exchange.