Kotak Mahindra Bank Limited (BSE:500247) and Kotak Mahindra Prime Limited acquired portfolio from Volkswagen Finance Private Limited on September 16, 2021. Kotak Mahindra Prime Limited (Kotak Prime) will acquire the passenger cars and two-wheelers portfolio, and Kotak Mahindra Bank Limited (KMBL) will acquire the commercial vehicles portfolio of VWFPL. Kotak Mahindra Bank Limited (BSE:500247) and Kotak Mahindra Prime Limited completed the acquisition of portfolio from Volkswagen Finance Private Limited on September 16, 2021.