March 2007

Kotak pipes into mid-cap India

Kotak Mahindra, one of India’s largest financial groups, is launching a fund in the first quarter of this year that offers global institutional investors the possibility of receiving returns above the domestic stock market in a private equity-type offering.


Is it a Pipe (private investment in public equity)? The fund, called the Kotak India Focus Fund, will invest in listed mid-market Indian companies. The 20 or so stocks will be selected by portfolio manager Prakash Ramaseshan, who recently joined the...


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