The said transaction does not constitute a related party transaction.
The objective of the acquisition is that Kotak Securities will explore providing e-Learning and digital value-added services to its customers.
The transaction is expected to complete by end of this month.
KIPL is a financial technology company, focused on training people through learning and analytics platforms – eLearnMarkets & StockEdge.
On Sensex, Kotak Bank closed at Rs1754.75 per piece up by 1.3%.