Kotak Mahindra Bank announced its subsidiary, Kotak Mahindra Capital Company Ltd (KMCC), will sell part of its holding in Infina Finance Private Limited for about ₹1,293.91 crore.
As per the filing, the agreements were signed on 21 March 2026 and the deal is expected to be completed by 31 March 2026, subject to routine conditions.
The transaction involves a total divestment of 30.99% in Infina, split across 3 buyers. KMCC will sell 9.90% stake for ₹413.35 crore to Derive Trading and Resorts Pvt Ltd and Bright Star Investments Pvt Ltd.
Another 12.10% stake will be sold to trusts linked to the estate of Rakesh Jhunjhunwala for ₹505.20 crore. A further 8.99% stake will be transferred to KF Trust for ₹375.35 crore.
After the transaction is completed, KMCC’s stake in Infina will come down to 19%. With this reduction, Infina will no longer be treated as an associate company of Kotak Mahindra Bank.
The company stated that the transactions are subject to standard closing conditions and are expected to be completed within the current financial year.
For the financial year ended 31 March 2025, Infina reported turnover of ₹532.66 crore. This represented about 0.50% of the bank’s consolidated total income.
Its net worth stood at ₹2,727.99 crore, accounting for 1.73% of the bank’s consolidated net worth. The paid-up equity capital was ₹2.20 crore.
The sale to Derive Trading and Bright Star Investments, along with the transaction involving the Jhunjhunwala estate trusts, are not categorised as related party transactions.
The sale to KF Trust is treated as a related party transaction due to its link to the promoter group. The bank stated that this deal is being carried out at arm’s length.
Read More: Uday Kotak Increases Stake in Infina Finance Stake by 8.99% via Family Trust in ₹375 Crore Deal!
As of March 23, 2026, 1:43 pm, Kotak Mahindra Bank share price stood at ₹359.50, a 1.98% decrease from the previous closing price.
The transaction is expected to be completed by the end of March 2026, subject to customary conditions. Post completion, Infina will no longer remain an associate of the bank.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 23, 2026, 2:45 PM IST
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