New Delhi, March 22 -- Kotak Mahindra Bank on Saturday, 21 March, said that its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC) has entered into definitive agreements to sell some of its stake Infina Finance Private Limited for an amount of Rs.1,293 crore.

According to an exchange filing shared with NSE and BSE on Saturday, KMCC will sell 30.99% of its shareholding at Infinia Finance, an associate company of the Kotak Mahindra Bank, for an aggregate consideration of Rs.12,93,91,10,882.

The agreements signed on 21 March show that KMCC will divest its 30.99% stake in Infinia through multiple transactions.

Here are the details of the agreement.

The stake transfer will largely consist of three transactions - with par...