• The definitive agreements for the stake divestment, executed through multiple transactions and subject to customary conditions, are expected to be completed by March 31, 2026.

Key Details of Divestment Deal:
Key Entities Involved: KMCC will transfer 9.90% of Infina’s share capital (2,17,899 equity shares), to Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited for aggregate consideration of Rs 413.35 crore.

• It will transfer 12.10% of stake (2,66,321 equity shares) to the estates of Rakesh Jhunjhunwala through its Trusts, for a total value of Rs 505.20 crore.
• In addition, KMCC will transfer 8.99% of the share capital of Infina, to KF Trust, an existing shareholder of Infina, for a combined consideration of Rs 375.35 crore.

Impact: Following the completion of the transaction, Infina ceases to be an associate company of the bank. Also, the shareholding of KMCC in Infina will reduce from existing 49.99% to 19%.
About Infina: Infina, established in 1996, is a Non-Banking Financial Company (NBFC) which offers products like loan against securities, commercial real estate finance , among others.