Kotak sells stake in capital market lending arm | India News

MUMBAI: Kotak Mahindra Bank on Saturday said its wholly-owned subsidiary Kotak Mahindra Capital Company (KMCC) will sell around 31% stake in Infina Finance – a capital market lending arm – to a group of investors including the estate of Rakesh Jhunjhunwala through Aryaman and Dishunt. Trust, Derive Trading & Resorts, Bright Star Investments, and KF Trust for around Rs 1,293.9 crore, bringing down its holdings from around 50% to 19%.Before the transaction, KMCC held 49.99% in Infina Finance, while the Kotak family held 50.01% through various entities and trusts, including KF Trust. After the transaction is completed before March 31, 2026, the Kotak family and related trusts are expected to hold around 59%, KMCC 19%, Jhunjhunwala Estate 12.1% and Derive Trading and Bright Star Investments 9.9%.