Kotak Special Situations Fund Invests Rs 410 Cr in DCW Ltd

Kotak Special Situations Fund Invests Rs 410 Cr in DCW Ltd
​ By
IANS
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Published on
​ Wed, Mar 17 2021 12:21 IST
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​ 8 Views
Kotak Mahindra Bank.. Image Source: IANS News
Mumbai, March 17 : Kotak Special Situations Fund (KSSF) -- managed by Kotak Investment Advisors Limited (KIAL), on Wednesday announced that it has invested Rs 410 crore in DCW Limited (DCW) in the form of debentures.
KSSF has invested in the form of non-convertible debentures (NCDs) and optionally convertible debentures (OCDs) in DCW. On conversion, the OCDs will result in an 11 per cent stake in DCW for KSSF.
KSSF funding will help DCW to refinance its existing term loans, improve its working capital, enhance its capacity utilization to meet with the growing demand for its products and scale up the specialty chemicals operations. KSSF has been investing from its $ 1 billion fund in a variety of structured investment situations.

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