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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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