In accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform you that Kotak Mahindra Bank Limited ('Bank') has entered into share purchase agreements with the current shareholders of Sonata Finance Private Limited ('Sonata'), a Non-Banking Finance Company - Micro Finance Institution registered with the Reserve Bank of India, to acquire 2,64,53,256 equity shares of Sonata, of face value Rs. 10 each fully paid up, for a total consideration of approximately Rs. 537 crore, constituting 100% of the issued and paid up capital of Sonata, on February 10, 2023 ('Transaction'). The Transaction is subject to requisite approvals, including that of the Reserve Bank of India. Relevant disclosure is enclosed as an Annexure hereto.