Kotak Mahindra Financial institution acquires 100% stake in Sonata Finance for Rs 537 crore | Firm Information

Kotak Mahindra Financial institution on Thursday knowledgeable exchanges that it had acquired 100 per cent stake in Sonata Finance Non-public Restricted – a microfinance establishment — for Rs 537 crore. With this acquisition, Sonata has change into a wholly-owned subsidiary of the personal sector financial institution. Sonata operates in 10 states by means of 549 branches and has belongings beneath administration price Rs 2,620 crore as on December 31, 2023, the alternate notification mentioned.

 

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