Kotak Mahindra Bank executes Share Purchase Agreement for acquisition of stake in BSS Microfinance

To acquire 99.49% stake in BSS Microfinance

Kotak Mahindra Bank has executed a Share Purchase Agreement, for acquisition of 99.49% of the equity shareholding of BSS Microfinance (Company) from its existing shareholders. The Company is a Non-Banking Finance Company, classified as a NBFC-MFI. The transaction is subject to obtaining all necessary regulatory and other approvals, including from the Reserve Bank of India.

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