Kotak Mahindra Bank Limited (BSE:500247) acquired Non-Performing Assets portfolio and Agri and Healthcare Equipment financing portfolio from De Lage Landen Financial Services India Private Ltd. on July 8, 2022. The transfer of the agri and healthcare finance portfolio will take place in a phased manner over the next few months and DLL India will continue to manage the operations till then. In addition to the standard loans portfolio, Kotak has also acquired the Non-Performing Assets portfolio with a total loan outstanding of around INR 690 million. KPMG acted as Financial advisor to De Lage Landen Financial Services India Private Ltd.

Kotak Mahindra Bank Limited (BSE:500247) completed the acquisition of Non-Performing Assets portfolio and Agri and Healthcare Equipment financing portfolio from De Lage Landen Financial Services India Private Ltd. on July 8, 2022. Darshika Kothari, Anand Shah and Nikunj Maheshwari of AZB & Partners acted as legal advisor to De Lage Landen Financial Services India Private Limited