Sale21 Mar 2026, 09:21 pm
Kotak Mahindra Bank Subsidiary Sells Stake in Infina Finance for Rs. 12,93,91,10,882.00
AI Summary
Kotak Mahindra Capital Company Limited (KMCC), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, has entered into definitive agreements to sell a part of its shareholding in Infina Finance Private Limited for an aggregate consideration of Rs. 12,93,91,10,882.00. This transaction will result in Infina ceasing to be an associate company of the Bank, with KMCC’s stake reducing to 19.00%.
Key Highlights
- KMCC to sell a part of its shareholding in Infina Finance Private Limited for Rs. 12,93,91,10,882.00
- Transaction will result in Infina ceasing to be an associate company of Kotak Mahindra Bank
- KMCC's stake in Infina will reduce to 19.00% post-transaction
- Transaction involves sale of 2,17,899 equity shares to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited, 2,66,321 equity shares to the Estate of Shri Rakesh Jhunjhunwala through its Trusts, and 1,97,870 equity shares to KF Trust