Sonata: Sonata Finance to merge with BSS Microfinance: Kotak Bank

Kotak Mahindra Bank's subsidiaries Sonata Finance and BSS Microfinance approved merging, pending regulatory and shareholder approvals. The merger follows an independent valuation and includes a share exchange. The combined net worth of Sonata and BSS is under 2% of the bank's net worth. The bank's shareholding pattern remains unchanged.