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Kotak Special Situations Fund acquires 74% stake in HKR Roadways Limited

May, 19, 2021

Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited (KIAL), today announced that it has acquired 74% stake.

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Kotak Special Situations Fund Invests Rs 350 crore in AGS Transact Technologies Limited

March 30, 2021

Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited (KIAL), today announced that it has invested Rs 350 crore in AGS Transact Technologies Limited (AGSTTL) in the form of non-convertible debentures (NCDs).

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Kotak Special Situations Fund Invests Rs 410 crore in DCW Limited

March 17, 2021

Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited (KIAL), today announced that it has invested Rs 410 crore in DCW Limited (DCW) in the form of debentures.

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Allianz Investment Management SE Partners With Kotak Investment Advisors Limited For Investing In Indian Private Credit Market

March 15, 2021

Allianz makes a maiden credit investment of US$ 150 million in KIAL’s Real Estate Fund; Targets to increase its Indian credit investment from US$ 650 million to US $ 1 billion in 2021.

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Kotak Special Situations Fund Acquires Prius Commercial Projects Private Limited for Rs 450 crore

March 10, 2021

Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited (KIAL), today announced that it has acquired Prius Commercial Projects Private Limited (Prius).

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Kotak Special Situation Fund Invests Rs 250 crore in Sanjaya Mariwala’s SPV

February 23, 2021

Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited (KIAL), today announced that it has invested Rs 250 crore in Sanjaya Mariwala’s Special Purpose Vehicle (SPV).

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Rajnish Kumar to be Exclusive Advisor to Kotak Investment Advisors’ Stressed Asset Fund

February 12, 2021

Kotak Investment Advisors Limited (KIAL) today announced that Mr Rajnish Kumar, former Chairman of State Bank of India (SBI), would be exclusive advisor for its US$ 1 billion Special Situation Fund.

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Kotak Investment Advisors Achieves Closure of New Real Estate Fund

February 9, 2021

Kotak Investment Advisors Limited (KIAL) today announced that it has successfully achieved closure of its new Real Estate Fund, which will target a range of real estate financing opportunities across key cities in India.

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The Big Logo Reveal – Cherry by Kotak

January 14, 2021

Ahead of the launch of its personal finance platform, Kotak Investment Advisors Limited (KIAL) today unveiled its brand identity “Cherry by Kotak”.

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Kotak Special Situations Fund Invests Rs 500 crore in Nuvoco Vistas Corp Ltd.

July 16, 2020

Kotak Special Situations Fund (KSSF) - managed by Kotak Investment Advisors Limited (KIAL) – today announced its investment of Rs.500 crore in Nuvoco Vistas Corp Ltd.

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Kotak Special Situations Fund invests Rs.500 crore in Jindal Stainless Limited

March 02, 2020

Kotak Special Situations Fund (KSSF) - managed by Kotak Investment Advisors Limited (KIAL) - today announced in Mumbai an investment of Rs.500 crore in Jindal Stainless Limited (JSL) in the form of debt and equity.

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Kotak Investment Advisors Achieves Final Close for Special Situations Fund

August 12, 2019

Kotak Investment Advisors Limited has achieved the final close of the Kotak Special Situations Fund, with aggregate commitments of USD 1 billion.

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Kotak Realty Fund Partners with DivyaSree for Commercial Office Opportunities

March 19, 2019

Kotak Investment Advisors Limited (‘KIAL’) today announced that it has launched a new fund which will partner with DivyaSree Developers (‘DivyaSree’), a leading Bengaluru-based real estate developer, to develop and acquire commercial office assets across India.

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Kotak Investment Advisors Launches Special Situations Fund

February 28, 2019

Kotak Investment Advisors Limited has announced the launch of the Kotak Special Situations Fund, which will target a range of non-performing loan (NPL) opportunities in India.

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Kotak Realty Fund Exits Investments in Kotak Managed Account Fund

October 23, 2018

Kotak Realty Fund (Kotak) is pleased to announce that it has fully exited all investments in its Managed Account Fund for its marquee Institutional Investors including Sovereign Wealth Funds who anchored the fund.

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Kotak Investment Advisors Ltd. appoints Chetan Shah as Executive Director

March 12, 2018

Kotak Investment Advisors Ltd. (KIAL), a subsidiary of Kotak Mahindra Bank Limited, announced the appointment of Chetan Shah as Executive Director.

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Kotak Realty Fund closes US$ 250 million Equity Fund

March 8, 2016

The Kotak Mahindra Group closed a fresh commitment of Rs 1600 crore (US$ 250 million) for equity investments in realty projects in India from institutional investors.

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Media Coverage

Kotak Special Situations Fund acquires 74% stake in HKR Roadways

May 19, 2021

HKR Roadways, a special purpose vehicle owned by a consortium led by Gayatri Group, was awarded a 25-years concession by the Andhra Pradesh Road Development Corporation.

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We will be 50 per cent invested by June 2021

March 23, 2021

Managing risks while building portfolio is critical , says Kotak Special Situations Fund CEO Eshwar Karra

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Kotak Special Situations Fund invests ₹350 cr in AGS Transact

March 30, 2021

KSSF has been investing from its $1 billion fund in a variety of structured investment situations

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Kotak plans infra fund even as it scouts for stressed assets

March 30, 2021

Kotak Investment Advisors the $4.7-billion asset manager of the Uday Kotak-led group, is firming up plans to launch a $800-million infrastructure fund that will invest in projects across India.

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Kotak Special Situations Fund invests Rs 410 crore in DCW

March 17, 2021

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.

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Allianz, Kotak Investment partner to invest in Indian private credit market

March 15, 2021

European multinational financial services major the Allianz Group’s investment management arm Allianz Investment Management has entered into a partnership with private equity major Kotak Investment Advisors.

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Kotak Special Situations Fund completes acquisition of Prius under IBC

March 10, 2021

Kotak Special Situations Fund (KSSF), which is managed by Kotak Investment Advisors Ltd, has acquired Prius Commercial Projects Pvt. Ltd for ₹450 crore under the insolvency and bankruptcy code.

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Kotak Special Situation fund invests ₹250 crore in Sanjaya Mariwala’s SPV

February 23, 2021

Acquisition of Setu and Edence will help fuel the growth of Setu and Edence by creating a focussed growth trajectory in the B2C space.

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Kotak’s AIF sees opportunity in real estate sector

February 15, 2021

Have been putting capital to work to solve the problems of this sector, says MD Sriniwasan

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Former SBI Chairman Rajnish Kumar appointed as exclusive advisor of Kotak's Special Situation Fund

February 12, 2021

Kotak Investment Advisors Limited (KIAL), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, focuses on the Alternate Assets business of the Group,' according to a statement by the company.

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Kotak raises $380 mn in eleventh realty fund, total mop-up crosses $2.2 bn

February 9, 2021

Kotak Investment Advisors (KIAL) today announced the closure of its new real estate fund which will target a range of real estate financing opportunities in the country.

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Kotak Investment Advisors raises $380 million through new realty fund

February 9, 2021

Private equity major Kotak Investment Advisors has raised $380 million or Rs 2,770 crore from global financial investors through its new real estate fund.

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Union Budget 2021: This growth oriented budget requires great execution to fulfil promises

February 8, 2021

The FM hasn’t wasted a crisis and presented a bold growth-oriented budget. This is a bet on India's story playing to its destiny.

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Investor Activism in India – coming of age

January 15, 2021

Watching Scam 1992 – on the Harshad Mehta story (played brilliantly by Pratik Gandhi) and reliving those days was nostalgic and the same time realize how long we have come with regard to capital market reforms.

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India’s digital-first banker

January 11, 2021

Uday Kotak, founder and CEO of Kotak Mahindra Bank, explains why consolidation, customer-centricity, and risk management will define the future of financial services.

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Eyestem raises second round of funding from Kotak Private Equity

January 07, 2021

This investment will help Eyestem reach their goal of becoming one of the first few companies in the world to develop a treatment for Dry Age-related Macular Degeneration (Dry AMD).

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World’s Richest Banker Made $16 Billion After a Brush With Death

December 18, 2020

If it weren’t for a cricket accident that almost killed him, Uday Kotak probably wouldn’t be the world’s richest banker.

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Halving of development premiums in Mumbai to help revive stalled projects, avoid delays

December 14, 2020

The proposed halving of premiums, levies and cess on real estate development in Mumbai, the country’s biggest property market, as recommended by the Deepak Parekh committee, is expected to revive stalled projects, avoid delays and rein in speculative price rise.

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Global funds are swooping in to invest in India’s stressed companies

November 18, 2020

Researchers calculate that funds have already pumped $1.5 billion in distressed assets in India this year, 55% more than through all of 2019.

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Auction-pricing NPA sale

November 08, 2020

This year the Nobel Prize in Economics went to economists who worked on auction pricing.

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Navigating the risks of equity and debt deals in uncertain times

November 06, 2020

These are indeed extraordinary circumstances. A few months of lockdown and lack of consumption due to the COVID-19 pandemic has not only impacted returns across industries, but also reduced investment appetite.

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October, November good months for economy: Uday Kotak

November 03, 2020

Veteran banker Uday Kotak, on Tuesday, said the performace of the economy wasmuch better in October and November than the lockdown months of April and May and that the infection trend of Covid-19 is also going down.

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Recovery is ‘two-speed’; stressed sectors, people need a safety net: Uday Kotak at eAdda

October 30, 2020

Speaking at the Express e-Adda organised by The Indian Express, Kotak said sectors including consumer goods, e-commerce, IT, digital, telecom, and pharmaceuticals were doing much better, while aviation, tourism, hospitality, and some general services were facing challenges.

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Uday Kotak says now is the best time to invest in India

October 16, 2020

The 'right sectors' to invest in India now include digital, e-commerce, technology, pharmaceutical, and consumers, Uday Kotak, founder of Kotak Mahindra Bank Ltd. said

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Industry expects fast recovery, says CII president Uday Kotak

October 8, 2020

Industry now sees sectors witnessing better pick-up and capacity utilisation than what was projected in March.

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Normalcy in 9-12 months if helicopter cash rains: Kotak's Gupta

September 25, 2020

The Indian economy will recover in nine to 12 months and the most important factor for revival will be raining cash on shoppers.

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Kotak Special Situations Fund’s CEO on impact of pandemic, RBI debt recast on deals

September 08, 2020

Kotak Investment Advisors Ltd, the alternative assets arm of banker Uday Kotak-led financial services group, raised $1 billion.

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There is a sense of uncertainty: Uday Kotak

September 02, 2020

More money with the urban poor, greater government spending on healthcare, and rationalization of GST rates are necessary for a sustained economic recovery, said Uday Kotak, managing director and CEO of Kotak Mahindra Bank and president of Confederation of Indian Industry (CII).

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Spotting opportunities amid crisis: Time-tested strategies to invest in financially distressed companies

July 30, 2020

Stresses and drops in company’s market value do not just serve as cautionary tales, but also as guideposts to measure the impact of lost opportunities.

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Special situation funds, NBFCs eye investment opportunities in stressed real estate

July 20, 2020

The combination of sluggish sales, absence of customer advances and liquidity squeeze are creating stress for real estate developers and investment opportunities for special situations and distress funds.

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Kotak Special Situations Fund invests ₹500 crore in Nirma unit

July 16, 2020

This financing is a timely investment for achieving financial closure for Nuvoco to consummate the acquisition and consolidate its position as a leading cement manufacturer in Eastern India

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Kotak Special Situations Fund invests Rs 500 crore in Nuvoco

July 16, 2020

Kotak Special Situations Fund (KSSF), an alternate investment fund, on Thursday said it has invested Rs 500 crore in Nuvoco Ltd to finance acquisition of Emami Cements.

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Kotak Investment’s $1 bn special situations fund seals second deal

July 16, 2020

An alternative assets fund of Kotak Investment Advisors Ltd, a wholly owned unit of Kotak Mahindra Bank, has struck its second.

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APREA seeks RBI nod for overseas funds debt investment in REITs, InvITs

June 25, 2020

SEBI regulations already permit REIT, InvITs' debt issuance to foreign portfolio investors. Finance Minister Nirmala Sitharaman, in Union Budget 2019, had already allowed foreign portfolio investors (FPI) to invest in REITs and InvITs but the enabling mechanism has not yet been put in place.

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Jindal Stainless' CDR exit enabled business sustenance during Covid crisis: CFO, Anurag Mantri

June 15, 2020

"As per the CDR signed, any further delay would have diluted our company shares to lenders. We were able to finance almost Rs 400 crores of CDR using our internal accruals, and rest with Kotak's investment. Our debt in March FY20 stands around Rs 3,655 crores from Rs 4,118 crores in FY19", Mantri said.

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Kotak alternative investment arm’s AUM moves up to $2 bn

June 10, 2020

Kotak Investment Advisors Ltd, the alternatives investment arm of Kotak Mahindra Bank Ltd, has recorded an increase in its total assets...

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India-dedicated funds attract zero investments in April due to Covid-19

May 29, 2020

With no inflows reported in April, the first month of the second quarter of Calendar 2020, fund raising by India-dedicated funds may remain under pressure for the next 3-4 months at the very least, since most Limited Partners (LPs) are in a wait-and-watch mode as they take stock of their own investment portfolios.

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Uday Kotak believes this one thing can help India become ‘world’s office’ if China is ‘world’s factory’

May 24, 2020

Billionaire banker and managing director of Kotak Mahindra Bank Uday Kotak on Sunday underscored the cost-competitiveness of Indian talent across multiple professions that can help India become the world’s office.

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In Discussion With Thought Leaders: COVID-19 Impact on the Indian Economy

May 06, 2020

In this edition, we bring to you a freewheeling fireside chat between S. Sriniwasan (Srini), CEO – Kotak Investment Advisors and Pratik Sengupta, Director Alternative Asset Advisory, Duff & Phelps.

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Stressed assets market offers opportunities, but obstacles still remain

March 15, 2020

Certain specific opportunities where investors find it challenging to deploy capital includes priority funding

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Kotak AIF seeks change in regulation to buy DHFL wholesale book

March 06, 2020

DHFL has received expressions of interest from 24 applicants, including one each from Kotak Investment Advisors and Phoenix ARC.

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Credit distress: What panelists on Mint India Investment Summit say

March 05, 2020

Industry leaders share their thoughts on credit and how to deal with credit distress at the Mint India Investment Summit

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Credit distress: What panelists on Mint India Investment Summit say

March 05, 2020

Industry leaders share their thoughts on credit and how to deal with credit distress at the Mint India Investment Summit.

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Billionaire-Backed Fund Wades Into India Bad Debt Cleanup

March 03, 2020

(Bloomberg) -- An asset manager backed by Asia’s richest banker has finally invested in a stressed Indian asset, in a positive sign for the broader push to clean up the nation’s massive pile of bad debt.

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Kotak Special Situations Fund to invest Rs 500 crore in Jindal Stainless

March 02, 2020

Kotak Special Situations Fund (KSSF), by Kotak Investment Advisors, on Monday announced an investment of Rs 500 crore in Jindal StainlessNSE 0.50 % (JSL) in the form of debt and equity.

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EuroKids, SBI Life, Urban Ladder, A91, AZB, Brookfield among winners of VCCircle Awards

February 27, 2020

Pre-school chain EuroKids, furniture e-tailer Urban Ladder, Canadian investment firm Brookfield Asset Management Inc. and SBI Life Insurance Company Ltd are among the winners of the VCCircle Awards 2020.

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Kotak Group-backed fund to close first deal by Mar

February 24, 2020

The $1-bln fund, backed by Kotak Group, Abu Dhabi Investment Authority and Singapore's GIC, is also working on a 4-bln-rupee deal, where the debt of a chemical company will be refinanced.

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Last-mile funding for stuck home projects a big draw for investors

January 23, 2020

In a sharp contrast to previous years, more investors are showing keen interest in last-mile funding for stuck housing projects that seems to be a rub-off effect of the government earmarking Rs 25,000 crore for similarly stressed residential projects.

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Eternal Sunshine From An Optimist Mind

January 01, 2020

This is based on the population of each state! Also, please note India has as many languages as the map depicts. Being aware of the cultural nuances that go with this complexity is another aspect to be kept in mind.

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Read the full text of Uday Kotak's New Year message to employees

January 01, 2020

Uday Kotak, in his New year letter, outlined his vision for the group and said he has three messages for 2020 and beyond for the Kotak Group, which is present in a raft of financial services in India.

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Indian business is going through cleansing and purging: Uday Kotak

December 18, 2019

We are going through a cleansing and a purging process. Business in India happened in a particular manner for a long time and the rules of the game were different.

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‘Reserve Bank’s swift move lends a greater degree of certainty to DHFL debt resolution’

November 25, 2019

In the backdrop of the Reserve Bank of India (RBI) referring Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for bankruptcy proceedings, Srini Sriniwasan, MD and CEO, Kotak Investment Advisors.

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India's Richest 2019: What makes Uday Kotak Mr Bankable

November 20, 2019

Several banks in India are going to end this decade financially weak, disoriented in their corporate strategy and averse to risk, hurt by either injudicious lending or unscrupulous business practices.

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India needs to build venture capital industry: Uday Kotak

November 18, 2019

From a policy point of view, find ways of giving big incentives for domestic savings moving into venture capital, says Uday Kotak, executive vice chairman and MD, Kotak Mahindra Bank.

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Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

November 13, 2019

Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail

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Last-mile lenders’ interest crucial for revival of stuck home projects

November 11, 2019

The Cabinet approval for the creation of a ₹25,000 crore alternative investment fund (AIF) to revive scores of stalled housing projects aims to bring back confidence in the beleaguered housing market.

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‘Last-mile funding may get stuck in IBC quagmire’

November 08, 2019

Funds put in as last-mile funding may be stuck in the Insolvency and Bankruptcy Code (IBC) and National Company Law Tribunal (NCLT) quagmire given current rules.

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Modi govt’s Rs.25,000-cr band-aid for ailing realty sector

November 8, 2019

In its current form, the bailout fund addresses less than 10% of the 576,000 stalled projects worth ₹4.6 lakh crore in the realty sector.

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Kotak’s realty fund eyes distressed projects

November 07, 2019

After generating up to 23% returns on previous bets, the fund is looking to invest in 4-5 stuck projects that can be revived and completed soon.

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Real estate market has shrunk, but big players are selling well: Kotak Realty CEO

October 17, 2019

There is pain in the luxury as well as the premium segment at this point of time, though some people are doing well, say Vikas Chimakurthy, chief executive officer, Kotak Realty Fund, and Mohit Soni associate director of corporate ratings for Fitch Ratings.

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Only this stock in the Nifty Realty index gave negative returns in the last 3 years

October 16, 2019

In the recent years, the Narendra Modi-led government has introduced major reforms such as Real Estate (Regulation and Development) Act, Goods and Services Tax (GST), Insolvency and Bankruptcy Code and Benami Transactions (Prohibition) Act.

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Kotak Mahindra Bank: The subcontinent’s world-class firm

September 26, 2019

Seizing opportunities and doing the tough things well has made Kotak Mahindra Bank a leading actor in shaping Asia's financial institutions.

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View: Yeh dil maange more! – Quite justifiably

September 23, 2019

The finance minister has, in one fell swoop, done enough to wake up the animal spirits in the economy. By its various actions, the government has clearly signalled that it’s listening, concerned and willing to take bold calls to get the economy back on track.

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Tycoon’s Fund Warns Indian Realty Bad-Loan Crisis to Get Messier

August 01, 2019

(Bloomberg) -- A realty fund controlled by billionaire banker Uday Kotak wants lenders to acknowledge that they are facing a $65 billion bad-loan crisis in the nation’s real estate sector.

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How the realty sector is being plagued by severe cash crunch

July 30, 2019

With buyers disinterested and lenders disappearing, the spectre of insolvency and price crash looms large. The Worli-Lower Parel stretch in South Central Mumbai, once a vaunted spot for premium realty, has emerged as something of a problem zone for real estate developers, particularly for those building luxury residences.

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How Kotak Private Equity is tweaking strategy to rope in LPs

June 27, 2019

Kotak Private Equity has tweaked its strategy to rope in limited partners (LP) for its investment funds, as the alternative asset...

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Naive to think state ownership can improve governance: Kotak

June 22, 2018

Chennai Banks are going through turbulent times and the shock of recent losses incurred by banks looks unreal, Uday Kotak, Managing Director of Kotak Mahindra Bank, said in his annual letter to shareholders.

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A Pledge for Investors and Regulators

May 8, 2019

The perils of investments by mutual funds investing in debt paper collateralised by listed equity shares came home to roost recently. In this instance mutual funds have acted prudently and agreed to a controlled liquidation with some possible additional returns for investors.

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Kotak Fund to tap opportunities in distressed assets

March 19, 2019

The fund also sees opportunities in commercial real estate; money will be deployed over next 2-3 months.

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Kotak India Affordable Fund to invest Rs 40 cr in Shriram's Kolkata project

February 18, 2019

This project will be launched in 2019 as part of Shriram Grand City, an integrated township with over 33 million sq ft of saleable area under development.

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Uday Kotak says time has come for consolidation in NBFCs, expects a significant 'shakeout'

February 18, 2019

Uday Kotak is the executive vice chairman and managing director of Kotak Mahindra Bank. Started in 2003 by Uday Kotak, The bank is now among India's top four banks in the private sector.

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Winner 40 Under 40 - Mr. Raj Shah

January 16, 2019

Mr Raj Shah - Associate Director, Kotak Realty Fund for being recognized as one of the 40 Under 40 achievers in Alternate Investment Professionals in India by Association of International Wealth Management of India.

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As NBFCs retreat, private equity funds move in to fund realty projects

January 2, 2019

Motilal Oswal, HDFC Capital, Xander and other PE funds focused on this segment find opportunity in NBFC retreat

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Commercial real estate won't let you down on returns: Raj Shah, Kotak Realty Fund

November 30, 2018

Commercial real estate will give better returns to investors, given its limited supply. But the residential part may feel the pinch, panelists at the ET Markets Global Summit said on Friday

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Exclusive: Kotak gears up to float a bunch of PE, VC funds to double assets

November 21, 2018

The alternative assets arm of Kotak Mahindra Bank Ltd is preparing to launch private equity and venture capital funds over the...

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As Kotak Mahindra Bank becomes bigger than Maruti Suzuki, Anand Mahindra says this for Uday Kotak

November 18, 2018

Mahindra recalled how Kotak had started the company out of a single room in Mumbai and went on to create entrepreneurship and creation of wealth in the "RIGHT" way.

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PEs are going to see healthy growth in life sciences: K V Ramakrishna

November 7, 2018

We believe there are several interesting opportunities at the growth stage, across biopharma, says Ramakrishna

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Brace yourself for more NPA declarations from NBFCs

October 31, 2018

The fancy valuations at which NBFCs were raising money or were trading will come down to earth, says Srini Sriniwasan of Kotak Investment Advisors

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Kotak PE’s S Sriniwasan on early-stage bets, real-estate play and more

October 29, 2018

Last week, VCCircle reported that Kotak Private Equity was in the process of raising its second life sciences venture fund, which...

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As NBFCs turn off tap, realty funds see deal proposal spurt but remain wary

October 25, 2018

Given the demand for funds and tight lidquidity, PE funds are charging 150 to 200 basis points more in the new deals

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Kotak fund boasts of over Rs 2,300-crore commitments, to deploy in residential, commercial, retail, hospitality projects

October 24, 2018

KRF recently exited all investments in its Managed Account Fund for its marquee institutional investors including sovereign wealth funds who anchored the fund.

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Well run NBFCs will find credit lines opening up: S Sriniwasan, Kotak Investment

October 24, 2018

If you have a diversified portfolio as an NBFC, you may have some trouble in your portfolio.

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Kotak Realty Fund exits investments worth $356 mn from its managed account

October 24, 2018

In a managed account, an individual investor gives money to a fund manager to invest and manage his fund

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Exclusive: Kotak Private Equity raising second life sciences fund

October 23, 2018

Kotak Private Equity is mobilising capital for its second life sciences venture fund, a decade after raising the first such corpus...

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Kotak Realty Fund to deploy ₹2,300 cr in residential, commercial projects

October 23, 2018

Kotak Private Equity is mobilising capital for its second life sciences venture fund, a decade after raising the first such corpus...

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Kotak’s realty arm makes $350m exit

October 23, 2018

Mumbai: Despite a tough realty market, Kotak Realty Fund, an arm of the alternate investment fund of the Kotak Mahindra group, has made successful exits from all its portfolios of realty projects and returned its investors about $350 million (about Rs 2,600 crore at the current exchange rate).

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Kotak Realty Fund to deploy ₹2,300 cr in residential, commercial projects

October 22, 2018

Buoyed by the investment appetite of sovereign wealth funds, Kotak Realty Fund (KRF) is planning to deploy about ₹2,300 crore from two new funds in residential, commercial and retail projects across the country.

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Rainmaker in Kotak can make IL&FS fix easy for government

October 02, 2018

The government’s choice of Uday Kotak to lift the multi-billion Infrastructure Leasing & Financial Services Ltd out of bankruptcy should be no surprise. He is one of the few bankers in the country who have navigated banking crises successfully not once, but at least thrice.

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How turnaround agents are giving stalled realty projects a new lease of life

September 22, 2018

Across the top seven cities, 575,900 residential units, launched before or in 2013, are stuck at various stages, according to Anarock Property Consultants

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Uday Kotak: The ‘nationalist’ banker

August 24, 2018

The CEO and MD of Kotak Mahindra Bank on creating a world-class institution, enjoying the journey more than the destination, and the critical issue of promoters' stake dilution

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Banks unwilling to take haircuts for realty

July 28, 2018

The Bloomberg report also claims that an oversupply of land parcels in the market is weighing down on pricing — a gainful prospect for ARCs.

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Housing Downturn Puts $20 Billion Indian Bank Loans at Risk

July 26, 2018

(Bloomberg) -- Indian lenders struggling to recoup loans worth about $20 billion to troubled property developers have to contend with another challenge: A lackluster recovery from the worst home-sales slump this decade.

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REIT route to bank recapitalisation

July 24, 2018

The woes of the banking system are well known and the urgency for finding the solution is acutely felt by all. While institutions like an ARC/Bad Bank and now AIF/ Asset Management Company have been suggested, there appears no light at the end of the tunnel. The general consensus is that the problem requires surgery and a multi-pronged approach.

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World's best bank in the emerging markets 2018: Kotak Mahindra Bank

July 11, 2018

This year, for first time, Euromoney recognizes an Indian bank in a global category, applauding a model that has impressed greatly over the years.

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Private credit industry in India has significant growth potential

May 31, 2018

Industry experts believe that the private credit market in India today has evolved significantly and thus offers a wide variety of opportunities

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Here's what makes Kotak Realty Fund one of India's top five realty funds

March 3, 2017

Srini Sriniwasan of Kotak Realty Fund has mastered the fine print to deliver handsome returns

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Affordable housing to get better returns now: S Sriniwasan, MD, Kotak Investment Advisors

February 16, 2017

Institutional investors have always been interested in any large addressable opportunity and affordable housing is an obvious one, says Sriniwasan.

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Kotak Realty invests Rs. 155 crore in Chennai residential project

September 20, 2016

Real estate-focussed private equity Kotak Realty Fund has invested Rs. 155 crore in Chennai-based developer Alliance Infrastructures’ residential project.

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Kotak Realty Fund raises $250 million

March 9, 2016

The Kotak Mahindra Group closed a fresh commitment of Rs 1600 crore (US$ 250 million) for equity investments in realty projects in India from institutional investors.

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Kotak Realty Fund logs 21% returns from timely exits in housing projects and hospitality companies

February 27, 2016

Private equity fund Kotak Realty Fund has made exits worth over Rs 1,000 crore in the last 12 months from several of its investments in housing projects and hospitality companies.

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Sunteck Realty provides exit option to Kotak Fund

January 25, 2016

Mumbai-based luxury realty developer Sunteck Realty has provided an exit worth over 270 crore to Kotak Realty Fund that had invested 150 crore in 2012 in the company's mixed-use project Sunteck City, spread over about 23 acres in the Goregaon suburb of Mumbai.

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Real estate firm TDI gives Kotak Realty Fund an exit of Rs 165 crore

January 21, 2016

Delhi-based builder TDI has given an exit of Rs 165 crore to Kotak Realty Fund, which had invested Rs 110 crore in 2013 in the company's 29-acre group housing project Lake Grove in Kundli, Sonepat, in the national capital region.

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Investments in India can now be committed without delay: Finance Minister Arun Jaitley

June 26, 2015

Addressing long-term US investors at a roundtable organised by CII and Kotak in San Francisco.

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Interview with S Sriniwasan, CEO, Kotak Realty Fund on the sidelines of a business delegation accompanying Finance Minister, Mr. Arun Jaitley to the US

June 23, 2015

Long-term foreign investors, endowment funds want clarity on tax policies in India, says S Sriniwasan, CEO of Kotak Realty Fund.

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Modi means business for Indian property lending

May 5, 2015

With a politician's impeccable timing, Narendra Modi, India's pro-business, pro-foreign investment Prime Minister, celebrates his first year in office this month.

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Videos

Eshwar Karra, CEO -Kotak Special Situations Fund, KIAL speaks at a Webinar organized by Reorg on 20 May 2022 on direct lending in India; the challenges, risks and rewards.

May 20, 2021

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Kotak Special Situations Fund Invests Rs. 250 crores in Sanjaya Mariwala’s SPV

February 23, 2021

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Third REIT Listing In India: Should You Invest?

February 20, 2021

Earlier this week, Brookfield REITs entered public domain by launching its IPO. But what is REITs and how relevant it is for an investor's portfolio.

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Kotak Investment Advisors' MD S Srinivasan shares outlook on market trends | EXCLUSIVE

February 15, 2021

Kotak Mahindra Advisors' MD S Srinivasan speaks to ET Now and shares his outlook on the market trends, and d-street values and a lot more.

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Kotak Investment Advisors Achieves Closure of New Real Estate Fund

February 9, 2021

One of the largest dedicated real estate financing fund raises ~USD 380 million during Covid-19 pandemic.

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Big Deal: Here’s how Budget 2021 has impacted formation of private capital

February 4, 2021

The formation of private capital is the corner stone of Budget 2021. The finance minister announced several steps and used various mechanisms as well as tools to enhance the pool of capital, whether it is foreign or domestic.

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Budget 2021: Uday Kotak hails FM Sitharaman for opting for higher borrowing to boost growth

February 1, 2021

In his first reaction to Budget 2021, Uday Kotak, President CII and CEO of Kotak Mahindra Bank, hailed Finance Minister Nirmala Sitharaman as "bold" for opting for growth by taking the path of higher borrowing.

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Explained: Role of alternate investment fund in sale of stressed assets

January 31, 2021

To speed up the sale of distressed assets, veteran banker Uday Kotak has suggested that the time is right for multiple bad banks with an alternate investment fund (AIF) structure. S Srinivasan, MD of Kotak Investment Advisors spoke to CNBC-TV18 to explain this further.

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The DHFL Insolvency Case

December 15, 2020

Mr R K Bansal - MD Edelweiss ARC CNBC TV18 Bazaar Open Exchange 15 Dec 2020.

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Uday Kotak’s message for investors on the eve of Diwali 2020

November 13, 2020

As Samvat 2076 comes to an end, Uday Kotak takes a moment to review the year gone by and shares his views on what lies ahead.

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Real economy situation in October is much better than previous months, says Uday Kotak

October 22, 2020

Each year, policy makers, corporate leaders and citizens are brought together on CNBC-TV18's Public Affairs Forum of India (PAFI) to brainstorm over issues that matter to the country

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Exports is the key to an Aatmanirbhar Bharat, says Uday Kotak

August 15, 2020

Uday Kotak said that PM’s address was an address of confidence in COVID times combined with aspiration & hope.

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Kotak Investment Advisors on Markets

July 28, 2020

Srini Sriniwasan speaking with Surabhi Upadhyay & Prashant Nair CNBC about Indian markets, reforms and the disconnect between the economic indicators and the market going up #KIAL #Kotak #KotakInvestmentAdvisorsLtd

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SEBI eases rules for buying stressed assets; here's what it means according to experts

June 24, 2020

Market regulator SEBI has made it easier for stressed companies to raise funds, provided the promoter is willing to find a new owner.

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Off The Cuff with Uday Kotak

Uday Kotak, MD and CEO of Kotak Mahindra Bank and President, Confederation of Indian Industry was the guest at ThePrint’s Off the Cuff.

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Uday Kotak says, 'Need state to step in and support wherever needed' | India Revival Mission

May 11, 2020

Kotak Mahindra Bank's Managing Director Uday Kotak spoke about the Coronavirus lockdown coming to an end. He said that the state must step in and support the industries wherever needed and that India has to prioritize the bottom of the pyramid. Watch the video to know more!

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CII recommends measures to SEBI, RBI for stock markets: Here're expert views

May 4, 2020

Volatility has been the key theme for stock markets since the lockdown began, with indices seeing massive swings both ways. Industry body CII on Monday made some recommendations to the RBI as well as market regulator SEBI with regards to certain relaxations for capital market transactions.

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Big Deal: How special situation funds can help provide capital during COVID-19 crisis

April 20, 2020

As the global crisis situation deepens and the Indian lockdown continues, companies are expected to be in deeper trouble and stressed assets are also expected to loom large.

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Kotak Special Situations Fund invests Rs.500 crore in Jindal Stainless Limited

March 2, 2020

Kotak Special Situations Fund (KSSF) - managed by Kotak Investment Advisors Limited (KIAL) - today announced in Mumbai an investment of Rs.500 crore in Jindal Stainless Limited (JSL) in the form of debt and equity.

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Uday Kotak at IEC: India in a classic Darwinian mode of survival of the fittest

December 17, 2019

"Clean business and high governance coming to the fore; to be respected by markets", says Uday Kotak, MD & CEO, Kotak Mahindra Bank while speaking at Times Network's India Economic Enclave.

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Indianomics: Is IBC the best bet for DHFL?

November 21, 2019

A day after RBI superseded the board of debt-ridden DHFL, sources have indicated to CNBC-TV18 that the Adani Group could be a strong contender to take over the non-banking finance company.

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Uday Kotak says India needs to transform financial sector

November 18, 2019

The Indian financial sector is in need of a transformation, said Uday Kotak, CEO of Kotak Mahindra Bank, in conversation with Tata Sons chairman N Chandrasekaran.

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AIF for real estate: Great move but the devil is in the details, say experts

November 07, 2019

Finance Minister Nirmala Sitharaman yesterday said the government has introduced a special window to provide priority debt financing for the completion of stalled housing projects in the affordable and middle-income housing sector.

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Real estate market has shrunk, but big players are doing well, says Kotak Realty Fund

October 16, 2019

Some green shoots appear to be visible for the real estate sector after realty major DLF sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram.

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Developing income asset classes in India by IVCA

April 22, 2019

Sriniwasan, Managing Director at Kotak Investment Advisors asks foreign institutional investors to stay flexible when investing in India.

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Diwali Special with Uday Kotak | Samvat 2075

November 5, 2018

This festive season, Uday Kotak shares his views on the changing world and the domestic economy and gives us his take on what to look forward to, in the next Samvat year.

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Kotak Realty Fund Exits Investments in Kotak Managed Fund Account

October 23, 2018

Srini has played a crucial role in setting up and building the Alternate Assets business at KIAL. He established one of India’s first real estate funds in 2005 and steered the growth of the business since its launch.

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Kotak Investment Advisors: Don't Believe The Situation In Real Estate Is As Dire As 2008

October 22, 2018

Srini Sriniwasan on Bloomberg TV talking about his views on NBFCs and Real Estate sector

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REIIS 2018 - Panel Session on Panel Session: Distressed Assets and Private equity

October 10, 2018

Srini Sriniwasan chairing the panel on - Distressed Assets and Private equity: a match made in India? Fuel a vibrant distressed debt market in India

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