As previously communicated in February 2023 and October 2023, the Kotak Mahindra Bank had expressed its intention to acquire Sonata Finance. Now finalized, this acquisition brings Sonata s extensive microfinance network under the Kotak Mahindra Bank umbrella.
Zurich Insurance to buy 70% Kotak General stake via single deal of ₹Rs 5,560 crore thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Zurich Insurance will acquire a 51 percent stake in Kotak Mahindra General Insurance Company through a combination of fresh growth capital and share purchase.