Kotak combines alternate funds, advisory into $18-billion unit financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Kotak Credit Funds Invest Rs 732 crore in RattanIndia Power equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Kotak Investment Advisors Ltd (KIAL), the Kotak Group's alternative assets unit, has invested Rs 732 crore ($89.3 million) in publicly listed power generation company RattanIndia ..
Kotak Strategic Situations India Fund II and Kotak Private Credit Fund have jointly invested INR 732 crore ($107m) in non-convertible debentures (NCDs) issued by RattanIndia Power (RIPL). The financing will aid the company in repaying existing debt. Kotak Strategic Situations India Fund II invested INR 582 crore and Kotak Private Credit Fund invested INR 150 crore. According to Srini Sriniwasan, MD at Kotak Investment Advisors, “the financing provided by our credit funds to RattanIndia underscores our ability to move with agility and provide timely structured financing.