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 develop into a wholly-owned subsidiary of the personal sector financial institution. Sonata operates in 10 states via 549 branches and has belongings underneath administration value Rs 2,620 crore as on December 31, 2023, the change notification mentioned.
Disclaimer: Entities managed by the Kotak household have a major holding in Enterprise Commonplace Pvt Ltd
First Revealed: Mar 29 2024 | 12:58 AM IST
