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

Kitco Media
By Reuters
Published:
Updated:
Reuters

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
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