India's Kotak Mahindra to acquire Sonata Finance for $65 mln

BENGALURU, Feb 10 (Reuters) - Indian private lender Kotak Mahindra Bank (KTKM.NS) said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million), in a push to strengthen lending to economically weaker and underserved households.

($1 = 82.5600 Indian rupees)

Reporting by Chris Thomas in Bengaluru; Editing by Rashmi Aich

Reuters

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India's Kotak Mahindra to acquire Sonata Finance for $65 mln

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