Kotak Mahindra Bank Ltd.

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Large Cap | Bank - Private
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Kotak Mahindra Bank’s arm sets up $400 mn fund to develop office properties

Date: 19-03-2019

Kotak Mahindra Bank’s arm -- Kotak Investment Advisors (KIAL) has launched $400 million fund in partnership with Bengaluru-based realty firm DivyaSree Developers to develop and acquire commercial office assets. The fund’s strategy is to develop greenfield projects as well as acquire under construction and completed assets across key markets in India.

DivyaSree is the exclusive development partner and property advisor for the fund and KIAL will act as investment manager. It is structured as an Alternative Investment Fund under SEBI regulations.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.