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Kotak Special Situations Fund invests Rs 410 crore in DCW

Kotak Special Situations Fund invests Rs 410 crore in DCW SECTIONS Last Updated: Mar 17, 2021, 01:24 PM IST Share Synopsis The fund has invested in the form of non-convertible debentures (NCDs) and optionally convertible debentures (OCDs) in DCW. Getty Images Related NSE Explore Now 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.

Kotak Special Situations Fund Invests Rs 410 Cr in DCW Ltd

Kotak Special Situations Fund Invests Rs 410 Cr in DCW Ltd ​ By IANS | Published on ​ Wed, Mar 17 2021 12:21 IST | ​ 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.

KSSF invests ₹410 crore in DCW Ltd - The Hindu BusinessLine

KSSF invests ₹410 crore in DCW Ltd - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Kotak Special Situations Fund acquires Prius Commercial Projects for Rs 450 crore

Kotak Special Situations Fund acquires Prius Commercial Projects for Rs 450 crore SECTIONS Share Synopsis In an all-cash deal, KSSF led consortium emerged as the successful resolution applicant, with the NCLT, Delhi duly approving its resolution plan. Following the acquisition of Prius, KSSF has now closed its first investment under the IBC platform. KSSF has been investing from its $1 billion fund in a variety of structured investment situations. ThinkStock Photos Private equity major Kotak Investment Advisors, through its Kotak Special Situations Fund (KSSF), has acquired realty developer Prius Commercial Projects under the insolvency and bankruptcy code (IBC) for Rs 450 crore. In an all-cash deal, KSSF led consortium emerged as the successful resolution applicant, with the NCLT, Delhi duly approving its resolution plan. Following the acquisition of Prius, KSSF has now closed its first investment under the IBC platform. KSSF has been investing from its $1 billion fund in a v

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