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Global impact investor Creation Investments, which manages near $2.2 billion in assets across the globe, has exited a twelve-year old financial services bet in India, .. ....
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. ....
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. ....