Kotak Mahindra Financial institution Restricted (KMBL) (its subsidiaries and the funds/schemes managed by the subsidiaries of KMBL) are collectively known as Kotak Mahindra Group. file picture
Kotak Mahindra Financial institution has obtained RBI approval to amass as much as 9.99% stake in AU Small Finance Financial institution and Federal Financial institution every.
In separate regulatory filings on Thursday (Could 7, 2026), AU Small Finance Financial institution and Union Financial institution introduced that they obtained letters of approval from the Reserve Financial institution of India on Could 6.
Kotak Mahindra Financial institution Restricted (KMBL) (its subsidiaries, funds/schemes managed by subsidiaries of KMBL, collectively known as ‘Kotak Mahindra Group’) has obtained RBI approval to amass ‘combination holding’ of as much as 9.99% of the paid-up share capital or voting rights of AU SFB, the AU Small Finance Financial institution introduced.
Equally, the Union Financial institution, in its BSE submitting, mentioned the RBI has given approval to Kotak Mahindra Financial institution to amass a “complete holding” of as much as 9.99 per cent of the financial institution’s paid-up share capital or voting rights.
AU Small Finance Financial institution share value was buying and selling at ₹1,034.60, up 0.99% from its earlier closing value on BSE.
Federal Financial institution shares had been buying and selling 1.47% larger at 297.40 ₹. Kotak Mahindra Financial institution share value rose 1.12% to 380.40 ₹.
