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India's Kotak Alts invests $142m in CNC machine maker Ace Designers

India's Kotak Alts invests $142m in CNC machine maker Ace Designers

Photo: Pradeep Gaur/ Mint

Kotak Alternate Asset Managers Limited, the alternative asset arm of Kotak Mahindra Group, has invested Rs 1,200 crore ($141.7 million) in India’s Ace Designers Ltd (ADL), a manufacturer of CNC turning and machining centres, the firm said on Wednesday.

Edited by: Joymitra Rai

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