Kotak Mahindra Capital Company, a wholly owned subsidiary of Kotak Mahindra Bank, has signed definitive agreements to offload a 30.99% stake in Infina Finance Private Limited for Rs 1,293.91 crore. The agreements were executed on March 21, 2026, and the deal is expected to close on or before March 31, 2026. 

The divestment is structured across three separate tranches. KMCC will sell a 9.90% stake to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited for Rs 413.35 crore. A 12.10% stake will go to trusts under the estate of the late investor Rakesh Jhunjhunwala for Rs 505.20 crore. The remaining 8.99% stake will be sold to KF Trust, an existing shareholder of Infina, for Rs 375.35 crore. 

Once the transactions close KMCC's stake in Infina will fall to 19%, and Infina will no longer be classified as an associate company of Kotak Mahindra Bank. 

The transactions with Derive Trading, Bright Star Investments, and the Jhunjhunwala trusts do not qualify as related-party transactions. The sale to KF Trust, however, has been classified as a related-party transaction, though conducted at arm's length. 

Infina's financial contribution to the bank has been limited. For the financial year ended March 31, 2025 Infina reported a turnover of Rs 532.66 crore and a net worth of Rs 2,727.99 crore accounting for about 0.50% of the bank's total income and 1.73% of its net worth. 

The sale is part of Kotak Mahindra Bank's move to realign its investments and sharpen focus on core banking activities.