Kotak Mahindra Bank announced that the merger of Sonata Finance Private Limited with BSS Microfinance Limited has been completed, effective October 11, 2025. Both Sonata and BSS were wholly-owned subsidiaries of the Bank. With the merger now effective, Sonata Finance has ceased to be a subsidiary of Kotak Mahindra Bank. This strategic move aims to streamline operations within the microfinance sector.
Merger of Sonata and BSS Concluded
Kotak Mahindra Bank has completed the amalgamation of its subsidiaries, Sonata Finance Private Limited and BSS Microfinance Limited, effective October 11, 2025. The merger was previously communicated on August 12, 2024.
Details of the Amalgamation
The amalgamation was executed as a Scheme of Amalgamation, with Sonata Finance Private Limited merging into BSS Microfinance Limited. Both entities were wholly-owned subsidiaries of Kotak Mahindra Bank. Following the merger, Sonata has ceased to be a subsidiary of the Bank.
Source: BSE
