Kotak Mahindra Bank completes stake sale in Infina Finance

Business Desk — Tue, 24 Mar 2026 15:39:08 +0000

Kotak Mahindra Bank has announced the completion of the sale of its stake in Infina Finance Private Limited. The transaction was executed by Kotak Mahindra Capital Company Limited, a wholly-owned subsidiary of the bank, and was finalised on 24 March 2026. As a result, Infina Finance has ceased to be an associate company of Kotak Mahindra Bank. This development follows the bank’s earlier disclosure made on 21 March 2026. The bank has requested the stock exchanges to take note of this update and ensure its dissemination on their platforms. Additionally, the information has been made available on the bank’s official website for investor relations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kotak Mahindra Bank to sell Rs 1,293 crore stake in Infina Finance

Yash Agarwal — Sat, 21 Mar 2026 15:50:17 +0000

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance Private Limited. The transaction, valued at approximately ₹1,293.91 crore, involves the divestment of shares to multiple buyers.

KMCC has entered into definitive agreements to transfer a total of 6,82,090 equity shares of Infina, representing a combined 30.99% of the company’s share capital. The sale is structured in three parts: 2,17,899 equity shares (9.90%) will be sold to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited for ₹413.35 crore; 2,66,321 equity shares (12.10%) will be transferred to the Estate of Shri Rakesh Jhunjhunwala through its Trusts for ₹505.21 crore; and 1,97,870 equity shares (8.99%) will be sold to KF Trust for ₹375.36 crore.

The agreements were signed on 21 March 2026, with the transactions expected to be completed by 31 March 2026. Upon completion, Infina will cease to be an associate company of Kotak Mahindra Bank, with KMCC’s stake reducing to 19%.

The buyers involved in these transactions do not belong to the promoter or promoter group of Kotak Mahindra Bank, except for KF Trust, which is associated with the promoter group but does not hold any shares in the bank itself. The transactions with Derive Trading and Resorts Private Limited, Bright Star Investments Private Limited, and the Jhunjhunwala Trusts do not constitute related party transactions.

The sale is part of Kotak Mahindra Bank’s strategic move to realign its investments and focus on core banking activities. Infina Finance, for the financial year ending 31 March 2025, reported a turnover of ₹532.66 crore, contributing 0.50% to the bank’s consolidated total income, and a net worth of ₹2,727.99 crore, representing 1.73% of the bank’s consolidated total net worth.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Infina Finance | Business Upturn

Kotak Mahindra Bank completes stake sale in Infina Finance

Kotak Mahindra Bank to sell Rs 1,293 crore stake in Infina Finance