Kotak Mahindra Bank arm raises USD 1.25 bn for 2nd special situations fund

The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the arm of the private sector lender, under which the fund comes, said. The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is USD 1.6 billion.

from Banking/Finance-Industry-Economic Times https://ift.tt/boNYre3