Transaction Details
Kotak Mahindra Bank Limited has completed the acquisition by way of direct assignment of the loan portfolio from its wholly-owned subsidiary Kotak Mahindra Investments Limited (KMIL). The portfolio acquired aggregates to an outstanding amount of ₹9,587.62 crore as on July 1, 2026. The direct assignment became effective from July 1, 2026.
Background and Rationale
This transaction follows the Bank's disclosure dated May 30, 2026 regarding the proposed acquisition of KMIL's loan portfolio and non-treasury investments, which collectively aggregated to ₹10,639 crore as on March 31, 2026. The acquisition is being executed in one or more tranches.
The direct assignment implements the Bank's decision (intimated to stock exchanges on March 24, 2026) to conduct KMIL's business activities departmentally within the Bank effective April 1, 2026. This move is made:
- In compliance with Reserve Bank of India (Commercial Banks - Undertaking of Financial Services) Directions, 2025
- In the interest of group simplification
- To drive operational synergies