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Kotak Mahindra Bank would buy Standard Chartered Bank India's ₹4,100 crore personal loan portfolio. This transaction should be completed in three months, pending regulatory clearances and closing conditions. The loans purchased are conventional, easing the transfer for banks and clients.
- 19th Oct 2024
- 1175 Views
Kotak Investment Advisors Ltd (KIAL) invested ₹450 crore in Supertech's ‘Supernova’ project in Sector 94, Noida. This large financial investment would revive the project, which Supertech had stopped owing to financial issues.
- 15th Aug 2024
- 1210 Views
Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.
- 10th Apr 2024
- 1361 Views
In a Rs 18,000 crore ($2.4 billion) initiative with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund, Prestige Group is developing residential projects in India. Partners will spend Rs 2,001 crore ($270 million) to accelerate early-stage housing developments.
- 3rd Apr 2024
- 1255 Views
Omaxe raised 450 crore from Kotak Mahindra Bank Limited. This strategy helped Omaxe repay a lot of its debt. This money paid off the April 2022 Värde Partners debt with Rs 290 crore.
- 17th Jan 2024
- 1342 Views
Tech-enabled fractional commercial real estate investment pioneer Strata is on track to attain a breakthrough AUM goal of INR 2,000 crore by the end of the 2023-24 fiscal year. The upcoming fractional ownership regulation amendments match this ambitious ambition.
- 29th Dec 2023
- 1307 Views
Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.
- 12th Dec 2023
- 1354 Views
Abu Dhabi Investment Authority (ADIA) invested $500 million in Kotak-Investment Advisors' $1 billion real estate fund in Mumbai.
- 18th Nov 2022
- 1335 Views
Stanza Living, a coliving operator, recently confirmed that it has received Rs 425 crore in debt financing led by Kotak Mahindra Bank and RBL Bank for capital investment and commercial development in key cities of India.
- 27th Mar 2022
- 1539 Views