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  3. en.wikipedia.org › wiki › Kotak_Mahindra_BankKotak Mahindra Bank - Wikipedia

    Kotak Mahindra Finance was then renamed Kotak Mahindra Bank. At the time, Uday Kotak had a 56% stake in the company while Anand Mahindra held a 5% stake. In 2005, Kotak Mahindra Bank acquired Ford Credit's 40% stake in Kotak Mahindra Primus, making it a wholly-owned subsidiary of the group.

  4. www.moneycontrol.com › news › businessMC Explains | Why did Kotak Mahindra buy Sonata Finance?

    Feb 15, 2023 · Harsh Kumar. February 15, 2023 / 01:52 PM IST. Kotak Mahindra Bank CEO Uday Kotak. (file image) Kotak Mahindra Bank announced the acquisition of 100 percent of the equity shares of Sonata...

  5. bfsi.economictimes.indiatimes.com › news › nbfcKotak Mahindra Bank acquires Sonata Finance for Rs 537 crore

    Mar 28, 2024 · NBFC. 1 min read. Kotak Mahindra Bank acquires Sonata Finance for Rs 537 crore. Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023. With this acquisition, Sonata has become a wholly-owned subsidiary of the Bank. ETBFSI Staff.

  6. www.moneycontrol.com › news › businessRBI approves Kotak Mahindra Bank's acquisition of Sonata Finance

    Oct 20, 2023 · The Reserve Bank of India (RBI) has approved Kotak Mahindra Bank's acquisition of Sonata Finance Pvt Ltd and making it a business correspondent subsidiary, the private lender said in an...

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  8. www.livemint.com › companies › newsKotak Mahindra gets RBI nod to acquire Sonata Finance for ...

    Oct 20, 2023 · Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹ 537 crore, the company said in its filing on Friday. Kotak Mahindra...

  9. www.livemint.com › companies › newsKotak Mahindra Bank share price up by 1%, after Company ...

    Mar 28, 2024 · Kotak Mahindra Bank announced the successful acquisition of Sonata Finance Private Limited ("Sonata"). This acquisition, finalized today for a total consideration of approximately Rs. 537 crore,...

  10. www.kotak.com › en › about-usEverything you need to know About Us - Kotak Mahindra Bank

    Launch of Kotak Mahindra Primus Ltd. (now Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit. The group’s auto finance business is segregated into a separate company, Kotak Mahindra Primus Ltd. (now known as Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit to finance non-Ford vehicles.