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Kotak Mahindra Bank acquires Sonata Finance for Rs 537 crore

Sonata Finance becomes a wholly-owned subsidiary of the Kotak Mahindra Bank as the bank acquired 100% stake in the company for Rs. 537 crore.

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RBI approves Kotak Mahindra Bank's acquisition of Sonata Finance

The country's fourth-largest private sector bank bought the microfinance company on February 10 in a Rs 531 crore all-cash deal

Lucknow , Uttar-pradesh , India , Tapobrat-chaudhuri , Kotak-mahindra , Kotak-bank , Sonata-finance-pvt-ltd , Kotak-mahindra-bank , Bank-on , Reserve-bank , Business-correspondent , Sonata-finance

IE100: The most powerful Indians in 2023 (from 11 to 50)

Most new entrants on the list are either players in the coming election-packed year or those who have seen a change in fortune

Adyar , Tamil-nadu , India , Purnea , Bihar , Ukraine , Karnataka , Jammu , Jammu-and-kashmir , South-africa , Mysuru , Meerut