Friday, 24 March, 2023

Kotak Mahindra Bank acquires 10% stake in KFin Tech

<p>Kotak Mahindra Bank acquired a nearly 10% stake in General Atlantic-backed KFin Technologies on Wednesday. As informed in September, the bank subscribed to 1,67,25,100 equity shares for approximately Rs 310 Cr. which gives them a 9.98% equity stake. On November 10th, the bank said in a regulatory filing that they completed the said transactions. Kotak&#39;s&nbsp;stock price was down 0.97% and closed at Rs 2,076.80 in BSE on Wednesday.<br /> <br /> &nbsp;</p>