Mumbai-based law firm Cyril Amarchand Mangaldas said that it was roped in by Kotak Mahindra Bank as an advisor for the bank’s INR 537 crores acquisition of Sonata Finance. The all-cash deal was announced in February 2023. Cyril Amarchand Mangaldas said that its standard corporate, finance, and financial regulatory practices advised Kotak Mahindra Bank on […]
Kotak Mahindra Bank (KMBL) has agreed to acquire Sonata Finance Private Limited (SFPL), an Indian non-banking finance company, from existing shareholders for about INR 537 crores in cash. Headquartered in Lucknow, Sonata Finance provides micro finance loans to economically weak people and especially to ladies via joint liability group (JLG) and individual lending (IL) mode. […]
