5. Sonata Finance was purchased by Kotak Mahindra

The Reserve Bank of India approved Kotak Mahindra's acquisition of Sonata Finance for 537 crore in October 2023. Sonata Finance will become a completely owned subsidiary of the bank upon conclusion of the transaction, marking a key move in the non-banking finance industry.

6. Softcell Technologies was sold by HDFC Bank

HDFC Bank has agreed to sell its whole 9.95% equity holding in Softcell Technologies Global Private Limited for $9.94 crore. According to The Hindu Business Line, the purchase, which is expected to close by the end of February, is part of HDFC Bank's strategic realignment of its investment portfolio.