“Kotak Realty Fund, a part of Kotak Investment Advisors, has invested Rs. 240 crore in an under-construction shopping mall in Chennai and Rs. 80 crore in an ongoing office project in Mumbai from its $250 million offshore fund,” reported Livemint. Both the deals have been funded through debt financing by the issue of listed, secured, non-convertible, redeemable debentures by C&J Corporate Park, a group entity of National India Bullion Refinery to Kotak Realty.

AZB & Partners advised and represented Kotak Investment Advisors, acting as the investment manager of Kotak Realty and was led by partner Ashwath Rau and senior associates Atreya Bhattacharya and Pranav Atit.

2017-09-27

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