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1. • • The country's fourth-largest private sector bank bought the microfinance company on February 10 in a Rs 531 crore all-cash deal.
     www.moneycontrol.com/news/business/rbi-approves-kotak-mahindra-banks-acquisition-of-sonata-finance-11572191.html

     RBI approves Kotak Mahindra Bank's acquisition of Sonata Finance

2. People also ask

   Will Kotak Mahindra buy Sonata finance?

   • Kotak Mahindra said it will acquire all of Sonata Finance’s equity stake from existing shareholders for an all-cash consideration of about Rs 537 crore. The acquisition is subject to regulatory and other approvals, including from the Reserve Bank of India. What is Sonata Finance?

   MC Explains | Why did Kotak Mahindra buy Sonata Finance? - Moneyco…

   www.moneycontrol.com/news/business/mc-explains-why-did-kotak-mahindra-buy-sonata-finance-10088121.html

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   When did Kotak Mahindra Bank become a bank?

   • In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking licence from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd.

   Kotak Mahindra Bank Limited Announces Acquisition of Sonata Finance, a

   www.realtyfunds.kotak.com/content/dam/Kotak/about-us/media-press-releases/2023/media-release-sonata-10th-feb.pdf

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   What happened to Kotak Mahindra Bank shares on BSE?

   • Kotak Mahindra Bank's shares were trading 1.68% higher at ₹ 1767.50 per share on BSE at 2:37 pm. Also Read: ICICI Bank, Kotak Mahindra Bank get ₹ 16.14 crore penalty from RBI over violation of banking norms The bank had announced to acquire 100% stake of the Non-Banking Finance Company, Sonata Finance Private Limited, in February this year.

   Kotak Mahindra gets RBI nod to acquire Sonata Finance for ₹537 crore

   www.livemint.com/companies/news/kotak-mahindra-to-buy-sonata-finance-for-rs-537-crore-11697792591111.html

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   What is Kotak Mahindra Bank's market capitalisation?

   • Kotak Mahindra Bank enjoys a market capitalisation of ₹ 3,57,015 crore. Also Read | India Shelter share price jumps 5% after Kotak initiates coverage on stock with a buy call As previously communicated in February 2023 and October 2023, the Bank had expressed its intention to acquire Sonata.

   Kotak Mahindra Bank share price up by 1%, after Company acquires So…

   www.livemint.com/companies/news/kotak-mahindra-bank-expands-microfinance-footprint-acquires-sonata-finance-in-537-crore-deal-11711611740865.html

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

   www.moneycontrol.com › news › business

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   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...

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

   bfsi.economictimes.indiatimes.com › news › nbfc

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   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.

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

   www.moneycontrol.com › news › business

   • Cached

   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...

6. www.realtyfunds.kotak.com › content › damKotak Mahindra Bank Limited Announces Acquisition of Sonata ...

   www.realtyfunds.kotak.com › content › dam

   Kotak Mahindra Bank Limited Announces Acquisition of Sonata Finance, a Leading Microfinance Institution. Acquisition offers access to 502 branches across 10 states, adds ~9.0 lakh women customers. Strong presence in rural & semi-urban markets in the northern states of India, complimentary to Kotak Bank microfinance network.

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     Insights From Uday Kotak, Founder, Kotak Mahindra Bank On India's Economic State

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8. economictimes.indiatimes.com › industry › bankingKotak Mahindra Sonata finance: Kotak Bank acquires Sonata ...

   economictimes.indiatimes.com › industry › banking

   • Cached

   Mar 28, 2024 · 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. Agencies.

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

   www.livemint.com › companies › news

   • Cached

   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 Bank's shares...

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

    www.livemint.com › companies › news

    • Cached

    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,...