India, March 25 -- Earlier this month, the private sector bank had informed that Kotak Mahindra Capital Company (KMCC) had entered into definitive agreements for selling a part of its shareholding in Infina Finance (Infina), an associate company of the bank.

The stake sale was structured across three investor groups.

KMCC would sell nearly 9.90% stake (or 2,17,899 shares) to Derive Trading and Resorts and Bright Star Investments for Rs 413.35 crore, approximately 12.10% stake (or 2,66,321 shares) to trusts representing the estate of Rakesh Jhunjhunwala for Rs 505.21 crore and around 8.99% stake (or 1,97,870 shares) to KF Trust, an existing shareholder, for Rs 375.36 crore.

Post completion, KMCC's stake in Infina will reduce to

19%, re...