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Mar 13, 2013
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Kotak Mahindra raises Rs 490 cr for infrastructure PE fund
The Kotak Mahindra group announced the first close of its infrastructure private equity fund on raising commitments of about Rs 490 crore.
In addition to Kotak, commitments have been received from the Sumitomo Mitsui Banking Corporation, Japan (SMBC), an affiliate of Brookfield Asset Management (Brookfield), Japan Bank for International Cooperation (JBIC) and a leading insurance group, a statement from the group said.The fund, Core Infrastructure India Fund Pte Ltd, will invest in companies engaged in power generation/ transmission, transportation (roads, ports and airports), water treatment and supply, waste management and gas transmission, besides distribution and storage in India.
Source -
http://www.thehindubusinessline.com
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