Kotak Mahindra Arm to Divest Stake in Infina Finance for ₹1,294 Crore
Kotak Mahindra Capital Company (KMCC), a wholly owned subsidiary of Kotak Mahindra Bank, has entered into definitive agreements to sell a 30.99% stake in Infina Finance Private Limited.
MUMBAI — Kotak Mahindra Capital Company (KMCC), a wholly owned subsidiary of Kotak Mahindra Bank, has entered into definitive agreements to sell a 30.99% stake in Infina Finance Private Limited. The deal, valued at approximately ₹1,294 crore, was signed on March 21, 2026, and is expected to conclude by month-end.
Transaction Highlights
The divestment involves multiple high-profile buyers and will reduce KMCC’s holding in Infina to 19%:
- The Jhunjhunwala Estate: A 12.10% stake will be sold to the estate of the late Rakesh Jhunjhunwala via its trusts for ₹505.20 crore.
- Institutional Buyers: Derive Trading and Bright Star Investments will acquire a combined 9.90% stake for ₹413.35 crore.
- Promoter Group: KF Trust, an existing shareholder, will purchase an 8.99% stake for ₹375.35 crore in an arm's-length related-party transaction.
Strategic Impact
Following the completion of these transactions on or before March 31, 2026, Infina Finance will cease to be an associate company of Kotak Mahindra Bank. This move aligns with the bank's broader strategy to optimize its capital allocation across its subsidiary portfolio for the 2026-27 fiscal year.