Kotak AMC to launch ₹2K cr private credit fund
Business Standard|December 05, 2024
Kotak Mahindra Asset Management Company (AMC) is set to enter the private credit market with the launch of a fund, which aims to raise between ₹1,500 crore and ₹2,000 crore, next month.
KHUSHBOO TIWARI
Kotak AMC to launch ₹2K cr private credit fund

The fund will cater to the capital needs of unlisted companies by providing debt funds for acquisition financing and capital expansion.

According to Deepak Agrawal, CIO of fixed income of Kotak AMC, the company will contribute 20 per cent of the total funds from its own side. "We plan to complete the fundraising within the first year and deploy the funds as soon as possible," Agrawal said.

هذه القصة مأخوذة من طبعة December 05, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 05, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Store long-term crypto holdings in a cold wallet

SAFETY TIPS FOR CRYPTO INVESTORS

time-read
2 mins  |
December 11, 2024
Swiggy's early moves stir pot in food, qcom
Business Standard

Swiggy's early moves stir pot in food, qcom

Growth, strategy may help close the gap with Zomato

time-read
2 mins  |
December 11, 2024
RIL continues to be a laggard on bourses
Business Standard

RIL continues to be a laggard on bourses

Reliance Industries (RIL), India's largest company by revenue and market capitalisation, is a laggard on the bourses.

time-read
2 mins  |
December 11, 2024
Business Standard

DigiLocker may be used to ease the process of claiming unclaimed assets

The Securities and Exchange Board of India (Sebi) has proposed leveraging the DigiLocker platform to streamline the process of claiming unclaimed assets of deceased investors.

time-read
1 min  |
December 11, 2024
Business Standard

ADANI GREEN FASTEST WEALTH CREATOR DURING 2019-24: MOTILAL OSWAL STUDY

Reliance Industries (RIL) emerged as the biggest wealth creator for the sixth time in a row, while Adani Green and Adani Enterprises were the fastest wealth creators for the five-year period ending March 2024, reveals the 29th annual wealth creation study by Motilal Oswal.

time-read
1 min  |
December 11, 2024
Market regulator widens scope of T+0 settlement to top 500 stocks from Jan 31
Business Standard

Market regulator widens scope of T+0 settlement to top 500 stocks from Jan 31

The Securities and Exchange Board of India (Sebi) on Tuesday announced that the top 500 stocks will be eligible for the same-day settlement cycle (T+0) in a phased manner.

time-read
1 min  |
December 11, 2024
Net inflows into equity schemes fell 14% in Nov
Business Standard

Net inflows into equity schemes fell 14% in Nov

Slowed by decline in lump-sum investments and NFO collections

time-read
2 mins  |
December 11, 2024
Brokerages advise caution in '25
Business Standard

Brokerages advise caution in '25

Earnings growth uncertainty, elevated valuations seen capping upsides

time-read
2 mins  |
December 11, 2024
Kalki, Stree 2, Maharaja among most popular Indian films: IMDb
Business Standard

Kalki, Stree 2, Maharaja among most popular Indian films: IMDb

Nag Ashwin's Kalki 2898 AD is the most popular movie of 2024. Amar Kaushik's Stree 2: Sarkate Ka Aatank, Chidambaram S. Poduval's Manjummel Boys, and Kiran Rao's Laapata Ladies also make it to a somewhat eclectic top-ten list from IMDb (Internet Movie Database).

time-read
2 mins  |
December 11, 2024
Business Standard

IIT-Delhi, IIT-Kanpur among world's top 100 varsities for environmental impact

Indian Institute of Technology (IIT), Delhi is at top among universities in India for sustainability, jumping 255 places to reach 171 globally, according to QS Rankings announced on Tuesday.

time-read
1 min  |
December 11, 2024