INSUBCONTINENT EXCLUSIVE:
Kotak Special Situations Fund is managed by managed by Kotak Investment Advisors Ltd.Kotak Special Situations Fund (KSSF) on Monday
announced an investment of Rs 1,000 crore in TVS Supply Chain Solutions Limited (TVS SCS)
"Under the transaction, KSSF has financed TS Rajam Rubbers Private Limited with Rs 800 crore in the form of non-convertible debentures
(NCDs) to help the promoter, R Dinesh acquire CDPQ's stake in TVS SCS," Kotak said in a release."The investments will help the TVS family
consolidate their holdings in TVS SCS
Additionally, KSSF has invested Rs 200 crore in the form of equity in TVS SCS," it added.Srini Sriniwasan, Managing Director, Kotak
valuable and high growth technology led business
This financing support demonstrates Kotak's ability to work closely with entrepreneurs and business owners as a confidante and preferred
And, KIAL is a part of the Kotak Mahindra Bank and focuses on the alternate assets business.The company claims that it has strong
capabilities in providing supply chain solutions, freight forwarding and last mile logistics with long standing relationships with marquee
of participating in growth-oriented businesses and partnering with industry leaders by offering customised solutions to fit the needs of
provider.Kotak stated that the investment is suitably positioned to capture the high growth potential market both in India and globally.
