Mumbai: Kotak Mahindra Bank on Saturday said its wholly-owned subsidiary Kotak Mahindra Capital Company (KMCC) will sell nearly 31 per cent stake in capital market lender Infina Finance to a group of investors including the estate of Rakesh Jhunjhunwala through Aryaman, Aryavir and Nishtha Jhunjhunwala Discretionary Trust, Derive Trading and Resorts, Bright Star Investments and KF Trust. About Rs 1,293.9 crore, reducing the shareholding from about 50% to 19%.Prior to the transaction, KMCC held 49.99% stake in Infina Finance, while the Kotak family held 50.01% stake through various entities and trusts including KF Trust. Upon completion of the transaction on or before March 31, 2026, the Kotak family and related trusts are expected to hold approximately 59%, KMCC will hold 19%, Jhunjhunwala Estate will hold 12.1%, and Derive Trading and Bright Star Investments will hold 9.9%.
