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BSS Micro-finance sold for Rs.139 cr to Kotak Mahindra Bank

99.94% equity shares purchased by Kotak Mahindra Bank(KMB) for 139.2 Cr. from shareholders(existing) of BSS Microfinance(money lender from Karnatak) , by a signed binding agreement. KMB will not merge with BSS Microfinance, operate as subsidiary (Unlike IDFC Bank, and Grama Vidiyal Micro Finance).

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BSS Micro-finance sold for Rs.139 cr to Kotak Mahindra Bank

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BSS Micro-finance sold for Rs.139 cr to Kotak Mahindra Bank