Kotak Mahindra Sells Infina Stake for ₹1,294 Crore

Kotak Mahindra Capital Company (KMCC), a subsidiary of Kotak Mahindra Bank, has agreed to sell a 30.99% stake in Infina Finance to various investors for a total of ₹1,293.91 crore. This strategic divestment will reduce KMCC's holding to 19%, causing Infina Finance to cease being an associate company of the bank.

The stake sale includes portions to Derive Trading and Resorts, Bright Star Investments, and trusts associated with the late investor Rakesh Jhunjhunwala. A portion is also being sold to KF Trust, a Uday Kotak family trust, which is categorized as a related-party transaction conducted at arm's length.

Infina Finance, established in 1996, offers services like lending against securities and property. For the fiscal year ending March 31, 2025, it reported a turnover of ₹532.66 crore and a net worth of ₹2,727.99 crore. The deal is anticipated to conclude by March 31, 2026, pending customary conditions.