MUMBAI: Kotak Mahindra Bank said on Saturday that its wholly-owned subsidiary Kotak Mahindra Capital Company (KMCC) will sell close to 31% stake in Infina Finance – a capital market lending arm – to a group of investors including the estate of Rakesh Jhunjhunwala through Aryaman, Aryavir, and Nishtha Jhunjhunwala Discretionary Trusts, Derive Trading and Resorts, Bright Star Investments, and KF Trust for around Rs 1,293.9 crore, reducing its holding from about 50% to 19%.Before the transaction, KMCC held 49.99% in Infina Finance, while the Kotak family held 50.01% through various entities and trusts, including KF Trust. After the transaction is completed on or before March 31, 2026, the Kotak family and associated trusts are expected to hold around 59%, KMCC will hold 19%, the Jhunjhunwala estate will hold 12.1%, and Derive Trading and Bright Star Investments will hold 9.9%.
