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

    Feb 15, 2023 · Kotak Mahindra Bank announced the acquisition of 100 percent of the equity shares of Sonata Finance, a non-banking finance company-microfinance institution, on February 10. Here’s an...

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

    Kotak Mahindra Finance was then renamed Kotak Mahindra Bank. [15] At the time, Uday Kotak had a 56% stake in the company while Anand Mahindra held a 5% stake. [16] In 2005, Kotak Mahindra Bank acquired Ford Credit's 40% stake in Kotak Mahindra Primus, making it a wholly-owned subsidiary of the group. [17]

  4. www.moneycontrol.com › news › businessKotak Mahindra Bank acquires Sonata Finance for Rs 537 crore

    Mar 28, 2024 · Sonata Finance becomes a wholly-owned subsidiary of the Kotak Mahindra Bank as the bank acquired 100% stake in the company for Rs. 537 crore.

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

    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.

  6. www.moneycontrol.com › company-facts › kotakmahindraKotak Mahindra Bank > Company History > Banks - Private ...

    Company History - Kotak Mahindra Bank. 1985. - The company was incorporated on 21st November 1985 under the name. Kotak Capital Management Finance Ltd. The Company has been promoted. by...

  7. 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 Bank's shares...

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

    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.