Kotak raises Rs 490 crore in infra fund - Business Today

Home /SECTORS /Infra /Story BT Online Bureau    New Delhi   Last Updated: March 12, 2013  | 23:25 IST The Kotak Mahindra Group on Tuesday announced the first closure of its infrastructure private equity fund with a commitment of around Rs 490 crore. According to the group, in addition to the Kotak Mahindra Group, commitments had been received from Sumitomo Mitsui Banking Corporation of Japan, an affiliate of Brookfield Asset Management, Japan Bank for International Co-operation and a leading insurance group. "We are delighted to announce the first closure of our India-dedicated infrastructure fund. This is an important milestone for us as we are now in a position to address a significant market opportunity as well as add a key platform to our existing alternate assets business," Kotak Mahindra Bank Joint Managing Director C Jayaram said. The infrastructure fund will invest in companies engaged in power generation or transmission, transportation (roads, ports and airports), water treatment & supply, waste management, gas transmission & distribution among others in the country, the company said. (With PTI inputs) Tatas commence work on rail project Delhi Metro gets Rs 3,120 cr in Budget FM offers little to the roads sector Coal India in supply pact with 56 power plants SAT to hear Subrata Roy's plea on Mar 23 DMS corporatisation gets Cabinet nod via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGKA-l7mxKV0EFNYz_1IXtmYGlE9Q&url=http://businesstoday.intoday.in/story/kotak-raises-rs-490-crore-in-infra-fund/1/193233.html

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