Uday Kotak Increases Stake in Infina Finance Stake by 8.99% via Family Trust in ₹375 Crore Deal

Uday Kotak, the renowned banker, has enhanced his stake in Infina Finance Private Limited via his family trust, KF Trust. This transaction is part of a considerable divestment by Kotak Mahindra Capital Company, as the Kotak Group streamlines its holdings in Infina Finance. 

Uday Kotak’s Strategic Stake Acquisition 

As per The Economic Times report, on March 22, 2026, Uday Kotak's family trust, KF Trust, acquired an 8.99% stake in Infina Finance, amounting to ₹375.35 crore. The acquisition forms part of a broader strategic move by Kotak Mahindra Capital Company, which has sold a 30.99% stake in Infina Finance for ₹1,293.91 crore. 

The strategic divestment also included transactions with prominent buyers such as Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited, linked to billionaire investor Radhakishan Damani, acquiring a total of 9.90% for ₹413.35 crore. 

Purchase by Rakesh Jhunjhunwala’s Estate 

Trusts representing the estate of the renowned investor Rakesh Jhunjhunwala acquired a 12.10% stake in Infina Finance for ₹505.20 crore. This signifies the continuation of Jhunjhunwala’s legacy in the financial services sector. 

Reduction in Kotak Mahindra Group’s Holding 

Prior to the transaction, Kotak Mahindra Group held a 49.99% stake in Infina Finance. Following the transaction, this holding has reduced to 19%, resulting in Infina Finance no longer being an associate of Kotak Mahindra Bank. 

Infina Finance’s Performance Metrics 

For the financial year ending March 31, 2025, Infina Finance reported a turnover of ₹532.66 crore and a net worth of ₹2,727.99 crore. In the quarter ending December 2025, a net profit of ₹42 crore was recorded, compared to ₹49 crore in the previous year. 

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Implications of the Transaction 

The transaction, signed on March 21, 2026, is set to conclude by March 31, 2026. It is expected to positively impact Kotak Mahindra Bank's March-quarter earnings and release capital for future redeployment. 

Infina Finance offers financial services, including lending against securities and property, commercial real estate financing, and insurance distribution, positioning itself as a key player in financial services. 

Conclusion 

Uday Kotak's increased stake in Infina Finance underscores a significant reshuffling within the Kotak Mahindra Group. The strategic divestment, along with significant participation from the Jhunjhunwala estate and Radhakishan Damani-linked entities, marks a transformative phase for Infina Finance’s ownership structure. 

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