To Receive ₹12,939 Crore from Stake Sale in Associate Company
Kotak Mahindra Bank Limited · KOTAKBANK · NSE ·
A wholly-owned subsidiary will sell a partial stake in associate company, Infina Finance Private Limited, for a total consideration of approximately **₹12,939 crore**. Post-sale, the Bank's stake in Infina will reduce to 19.00%, and **Infina will cease to be an associate company*…