Kotak Special Situations Fund invests Rs 410 crore in DCW
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Last Updated: Mar 17, 2021, 01:24 PM IST
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The fund has invested in the form of non-convertible debentures (NCDs) and optionally convertible debentures (OCDs) in DCW.
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NEW DELHI: Kotak Special Situations Fund, managed by Kotak Investment Advisors, on Wednesday said it has invested Rs 410 crore in DCW Limited in the form of debentures.
The fund 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 Kotak Special Situations Fund (KSSF), the fund said in a statement.