MUMBAI, Oct. 26 -- IndusInd Bank rose as much as 4.2% on Monday following reports that Kotak Mahindra Bank is exploring a potential takeover of the l.

At 02:45 pm, IndusInd Bank stock was trading at Rs.617.05, up 1.58% from its previous close, while the benchmark index, Sensex lost 1.52% at 40065. Kotak Mahindra Bank gained 1.29%% to Rs.1400.90.

Mint reported on Sunday that Kotak Bank is looking at an all-stock acquisition. The UK-based Hinduja family had began the discussion for selling control of the Mumbai-based lender following a dispute between the four brothers over the family's fortune.

As on September, the promoter group held 13.45% in Indusind Bank. Public shareholding stood at 78.16%.

Indusind Bank, in a release to the excha...