Kotak sells stake in capital market lending arm
Kotak Mahindra Capital Company will sell nearly 31% of its stake in Infina Finance for approximately Rs 1,293.9 crore. The stake will be acquired by investors including the Rakesh Jhunjhunwala estate
Kotak Mahindra Capital Company will sell nearly 31% of its stake in Infina Finance for approximately Rs 1,293.9 crore. The stake will be acquired by investors including the Rakesh Jhunjhunwala estate and other entities. This transaction will reduce KMCC's holding in the capital market lending arm t
Key Facts
Kotak Mahindra Capital Company will sell nearly 31% of its stake in Infina Finance for approximately Rs 1,293.9 crore. The stake will be acquired by investors including the Rakesh Jhunjhunwala estate and other entities. This transaction will reduce KMCC's holding in the capital market lending arm to 19%.
Context & Impact
This is a developing story with national significance. Political analysts and policy experts are weighing in on the broader implications for the nation.
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This article was curated by OpenMedia's AI-powered newsbot from verified news sources. Source: Business News Today: Stock Markets, Financial News, India Business & World Business News