December 7, 2018 / 5:20 AM / 4 days ago

BUZZ-India's Kotak Mahindra Bank rises after report says Berkshire Hathaway looking to buy 10 pct stake

** Shares of Kotak Mahindra Bank Ltd up as much as 6.33 pct at 1,255 rupees, their biggest pct gain since May 31

** Warren Buffett's Berkshire Hathaway looking to buy 10 pct stake in Kotak Mahindra Bank, CNBC-TV 18 reported bit.ly/2QDDNdz citing sources

** Berkshire Hathaway may look to invest $4 bln-$6 bln in Kotak by buying promoter stake or via preferential allotment

** More than 3.7 mln shares traded as of 0508 GMT vs 30-day avg volume of 2.5 mln

** Stock had risen 16.8 pct this year as of last close, compared with a 2.6 pct gain in the Nifty Bank index

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