India: Kotak Special Situations Fund invests $66.6m in Nirma unit Nuvoco

India: Kotak Special Situations Fund invests $66.6m in Nirma unit Nuvoco

Kotak Investment Advisors to raise up to $1b for newly-launched data center fund Photo: Mint

Kotak Special Situations Fund, managed by Kotak Investment Advisors Ltd, on Thursday said it has made an investment of 500 crore in Nirma Group unit Nuvoco Ltd, to help finance the latter’s acquisition of Emami Cements Ltd.