Seven Of Top-10 Cos Add Rs 1.31 Lakh Cr In M-Cap; HUL, TCS Lead Chart


The fund is registered as an alternate funding fund with the Sebi and at the moment manages a USD 1 billion fund with a mandate to spend money on particular conditions, credit score and distressed house domestically.

A Kotak Mahindra Bank arm on Monday introduced a Rs 1,000-crore funding right into a third-party logistics (3PL) enterprise promoted by the south-based TVS household.

Kotak Special Situations Fund (KSSF) has invested Rs 200 crore in TVS Supply Chain Solutions and has offered a Rs 800 crore finance to TS Rajam Rubbers Private Ltd via a non-convertible debentures route. The mortgage will assist TVS SCS promoter R Dinesh purchase Canadian pension fund CDPQ”s stake in TVS SCS, an official assertion stated.

“The investments will help the TVS family consolidate their holdings in TVS SCS,” it stated.

“We are delighted to support the TVS group and R Dinesh in consolidating their ownership in a valuable and high growth technology led business,” Srini Sriniwasan, managing director at KSSF”s mother or father Kotak Investment Advisors, stated.

KSSF”s chief govt Eshwar Karra stated the funding is in keeping with its goal of taking part in growth-oriented companies and partnering with business leaders by providing “customised solutions to fit the needs of each business” and making a win-win for all.

The fund is registered as an alternate funding fund with the Sebi and at the moment manages a USD 1 billion fund with a mandate to spend money on particular conditions, credit score and distressed house domestically.

(PTI)




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