KMCC has entered into definitive agreements for selling a part of its shareholding in Infina, per the private sector bank’s regulatory filing. The Bank’s WOS, which is a full-service investment bank, currently holds 49.99 per cent stake in Infina.
Infina, which was founded in 1996, is a Non-Banking Financial Company offering products such as loan against securities, ESOP financing, loan against property, and Commercial Real Estate financing. The NBFC is classified as an Associate Company of the Bank.
KMCC will transfer of 2,17,899 equity shares, representing 9.90 per cent of the share capital of Infina, to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited, for an aggregate consideration of ₹413.35 crore.
Further, KMCC will transfer 2,66,321 equity shares, representing 12.10 per cent of the share capital of Infina, to the Estate of Rakesh Jhunjhunwala through its Trusts, for an aggregate consideration of ₹505.20 crore; and transfer of 1,97,870 equity shares, representing 8.99 per cent of the share capital of Infina, to KF Trust, an existing shareholder of Infina, for an aggregate consideration of ₹375.35 crore.
The Bank said the aforementioned transactions are subject to completion of customary conditions precedent and would, upon completion, result in Infina ceasing to be an associate company of the Bank, with KMCC’s stake in Infina reducing to 19.00 per cent.
Published on March 22, 2026