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Kotak Mahindra Sonata finance: Kotak Bank acquires Sonata Finance for Rs 537 cr

Kotak Mahindra Bank announced the acquisition of NBFC Sonata Finance Pvt Ltd for Rs 537 crore. Sonata operates across 10 states through 549 branches, holding an Asset Under Management (AUM) of around Rs 2,620 crore as of December 31, 2023. The acquisition makes Sonata a wholly-owned subsidiary of Kotak Bank.

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Kotak Bank acquires Sonata Finance for Rs 537 crore

Kotak Bank acquires Sonata Finance for Rs 537 crore
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Kotak Mahindra Bank News: Kotak Mahindra Bank Acquires Sonata Finance- Check Details | Companies News

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Share Market Highlights 28 March 2024: Indian equity markets end FY24 on a bullish note; Sensex jumps 650 pts, Nifty settles above 22,300

Share Market Highlights 28 March 2024: Indian equity markets end FY24 on a bullish note; Sensex jumps 650 pts, Nifty settles above 22,300
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Kotak Mahindra gets RBI nod to acquire Sonata Finance for ₹537 crore

Kotak Mahindra is set to acquire Sonata Finance in a deal of ₹537 crore

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Kotak acquires Sonata Finance in an all-cash deal worth 537 crores

Kotak Mahindra Bank announced that it had purchased Sonata Finance for 537 crore in an all-cash transaction....

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Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 crore

On February 10, Kotak Mahindra Bank said that it will take over 100 per cent of equity shares of Sonata Finance Private Limited, a non-banking finance company, from existing shareholders for an all-cash consideration of around Rs 537 crore.The private lender said that it will take over 2.6 crore equity shares of Sonata, of face value Rs 10 each fully paid up.

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