Kotak Mahindra Financial institution on Saturday mentioned its wholly owned subsidiary, Kotak Mahindra Capital Firm Ltd (KMCC), has signed definitive agreements to promote part of its stake in Infina Finance Non-public Restricted for a complete consideration of ₹1,293.91 crore, based on a regulatory submitting.
The agreements had been executed on March 21, 2026, for the divestment of a mixed 30.99% stake in Infina by way of a number of transactions. The financial institution mentioned the deal is topic to customary situations and is predicted to be accomplished on or earlier than March 31, 2026.
As a part of the transaction, KMCC will promote a 9.90% stake, equal to 2,17,899 fairness shares, to Derive Buying and selling and Resorts Non-public Restricted and Brilliant Star Investments Non-public Restricted for ₹413.35 crore.
As well as, a 12.10% stake, or 2,66,321 fairness shares, shall be offered to trusts representing the property of late investor Rakesh Jhunjhunwala for ₹505.20 crore.
KMCC may even divest an 8.99% stake, comprising 1,97,870 fairness shares, to KF Belief, an present shareholder of Infina, for ₹375.35 crore.
The financial institution clarified that the transactions involving Derive Buying and selling, Brilliant Star Investments and the Jhunjhunwala trusts don’t qualify as related-party transactions. Nevertheless, the sale to KF Belief shall be handled as a related-party transaction since its beneficiaries belong to the promoter group, although the financial institution mentioned the deal is being carried out on an arm’s-length foundation.
Following completion of the stake sale, KMCC’s holding in Infina will scale back to about 19%, because of which Infina will stop to be an affiliate firm of Kotak Mahindra Financial institution.
For the monetary 12 months ended March 31, 2025, Infina Finance reported a turnover of ₹532.66 crore and a web value of ₹2,727.99 crore. Regardless of being an affiliate, the corporate contributed solely a small portion to the financial institution’s consolidated financials, accounting for about 0.50% of complete revenue and 1.73% of web value, the submitting mentioned.
